Capital Group Growth ETF (NYSEARCA:CGGR – Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,153,862 shares, a drop of 46.0% from the June 30th total of 2,137,051 shares. Based on an average trading volume of 2,692,502 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.
Hedge Funds Weigh In On Capital Group Growth ETF
Large investors have recently added to or reduced their stakes in the business. Trademark Financial Management LLC boosted its position in Capital Group Growth ETF by 2.7% during the first quarter. Trademark Financial Management LLC now owns 9,178 shares of the company’s stock valued at $369,000 after buying an additional 242 shares during the period. Gemmer Asset Management LLC increased its holdings in shares of Capital Group Growth ETF by 0.5% in the fourth quarter. Gemmer Asset Management LLC now owns 49,552 shares of the company’s stock worth $2,204,000 after buying an additional 248 shares during the period. Sapient Capital LLC increased its holdings in shares of Capital Group Growth ETF by 3.9% in the second quarter. Sapient Capital LLC now owns 6,730 shares of the company’s stock worth $318,000 after buying an additional 250 shares during the period. CFS Investment Advisory Services LLC lifted its stake in shares of Capital Group Growth ETF by 0.6% in the 2nd quarter. CFS Investment Advisory Services LLC now owns 48,597 shares of the company’s stock valued at $2,261,000 after acquiring an additional 290 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its stake in shares of Capital Group Growth ETF by 5.8% in the 2nd quarter. CoreCap Advisors LLC now owns 5,397 shares of the company’s stock valued at $255,000 after acquiring an additional 294 shares during the last quarter.
Capital Group Growth ETF Trading Down 1.8%
Shares of CGGR traded down $0.78 during mid-day trading on Wednesday, reaching $43.79. The company’s stock had a trading volume of 3,086,139 shares, compared to its average volume of 3,254,406. The stock has a market cap of $23.24 billion, a PE ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 52 week low of $38.55 and a 52 week high of $48.02. The company’s fifty day moving average price is $46.28 and its two-hundred day moving average price is $44.42.
About Capital Group Growth ETF
The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.
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