Capital Group Global Equity ETF (NYSEARCA:CGGE – Get Free Report) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 204,697 shares, a drop of 53.7% from the April 15th total of 441,939 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 566,360 shares, the short-interest ratio is presently 0.4 days.
Capital Group Global Equity ETF Stock Performance
Shares of NYSEARCA:CGGE traded down $0.56 during midday trading on Friday, reaching $33.40. 387,447 shares of the company’s stock were exchanged, compared to its average volume of 802,577. The company’s 50 day simple moving average is $31.99 and its two-hundred day simple moving average is $31.94. The firm has a market capitalization of $2.53 billion, a PE ratio of 24.18 and a beta of 0.82. Capital Group Global Equity ETF has a 12 month low of $27.44 and a 12 month high of $34.02.
Institutional Investors Weigh In On Capital Group Global Equity ETF
A number of hedge funds have recently made changes to their positions in the company. CLG LLC increased its position in shares of Capital Group Global Equity ETF by 8.4% during the 1st quarter. CLG LLC now owns 27,726 shares of the company’s stock worth $846,000 after purchasing an additional 2,155 shares in the last quarter. Cetera Investment Advisers increased its position in shares of 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 worth $100,198,000 after purchasing an additional 459,321 shares in the last quarter. World Equity Group Inc. acquired a new stake in shares of Capital Group Global Equity ETF during the 1st quarter worth about $363,000. Assetmark Inc. raised its stake in shares of Capital Group Global Equity ETF by 17.9% in the first quarter. Assetmark Inc. now owns 1,429,913 shares of the company’s stock valued at $43,612,000 after acquiring an additional 216,961 shares during the last quarter. Finally, Independent Financial Group LLC bought a new position in shares of Capital Group Global Equity ETF in the first quarter valued at approximately $1,133,000.
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.
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