Capital Group Global Equity ETF (NYSEARCA:CGGE – Get Free Report) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 63,249 shares, a decrease of 85.1% from the June 30th total of 424,948 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 506,400 shares, the short-interest ratio is presently 0.1 days.
Capital Group Global Equity ETF Stock Performance
Shares of CGGE stock remained flat at $34.28 during mid-day trading on Friday. The stock had a trading volume of 521,050 shares, compared to its average volume of 737,685. The firm has a market capitalization of $2.89 billion, a P/E ratio of 24.18 and a beta of 0.80. Capital Group Global Equity ETF has a twelve month low of $28.74 and a twelve month high of $35.40. The firm’s 50-day moving average is $34.44 and its 200-day moving average is $33.03.
Hedge Funds Weigh In On Capital Group Global Equity ETF
Several hedge funds have recently added to or reduced their stakes in the business. Capital Group Private Client Services Inc. raised its holdings in Capital Group Global Equity ETF by 20.8% in 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 acquiring an additional 932,109 shares during the last quarter. Capital International Investors lifted its position in 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 worth $120,255,000 after buying an additional 3,777,296 shares during the period. Cetera Investment Advisers boosted its stake in Capital Group Global Equity ETF by 16.3% in the 1st quarter. Cetera Investment Advisers now owns 3,285,183 shares of the company’s stock worth $100,198,000 after buying an additional 459,321 shares during the last quarter. LPL Financial LLC grew its holdings in Capital Group Global Equity ETF by 43.1% in the 4th quarter. LPL Financial LLC now owns 2,741,720 shares of the company’s stock valued at $86,721,000 after buying an additional 826,247 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Capital Group Global Equity ETF by 356.3% in the 4th quarter. Wells Fargo & Company MN now owns 2,334,375 shares of the company’s stock valued at $73,836,000 after buying an additional 1,822,747 shares during the period.
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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