Capital Group Global Equity ETF (NYSEARCA:CGGE) Sees Significant Decline in Short Interest

Capital Group Global Equity ETF (NYSEARCA:CGGE) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 476,123 shares, a decrease of 35.7% from the August 31st total of 740,295 shares. Based on an average daily volume of 431,171 shares, the short-interest ratio is currently 1.1 days. Approximately 0.5% of the company’s shares are short sold.

Institutional Investors Weigh In On Capital Group Global Equity ETF

Several institutional investors have recently bought and sold shares of CGGE. Capital International Investors raised its stake in shares of Capital Group Global Equity ETF by 15,343.0% during the fourth quarter. Capital International Investors now owns 3,801,915 shares of the company’s stock valued at $120,255,000 after acquiring an additional 3,777,296 shares during the last quarter. Capital Group Private Client Services Inc. increased its holdings in Capital Group Global Equity ETF by 20.8% during the 4th quarter. Capital Group Private Client Services Inc. now owns 5,413,104 shares of the company’s stock valued at $171,217,000 after purchasing an additional 932,109 shares during the period. Cetera Investment Advisers raised its position in Capital Group Global Equity ETF by 16.3% during the 1st quarter. Cetera Investment Advisers now owns 3,285,183 shares of the company’s stock valued at $100,198,000 after purchasing an additional 459,321 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Capital Group Global Equity ETF by 47.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,156,513 shares of the company’s stock worth $35,274,000 after buying an additional 371,939 shares during the period. Finally, Compton Financial Group LLC lifted its holdings in Capital Group Global Equity ETF by 2,245.1% in the 1st quarter. Compton Financial Group LLC now owns 363,042 shares of the company’s stock worth $11,073,000 after buying an additional 347,561 shares during the period.

Capital Group Global Equity ETF Stock Down 0.7%

Shares of NYSEARCA:CGGE opened at $34.81 on Thursday. The stock has a market cap of $3.19 billion, a PE ratio of 24.18 and a beta of 0.80. The company’s fifty day moving average is $35.11 and its 200 day moving average is $33.94. Capital Group Global Equity ETF has a 52 week low of $29.39 and a 52 week high of $36.08.

About Capital Group Global Equity ETF

The Capital Group Global Equity ETF (CGGE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks total returns by actively managing a portfolio of companies from around the world. CGGE was launched on Jun 25, 2024 and is issued by Capital Group.