Capital Group Growth ETF (NYSEARCA:CGGR – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 4,375,915 shares, a growth of 279.2% from the July 15th total of 1,153,862 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 2,587,117 shares, the days-to-cover ratio is presently 1.7 days.
Capital Group Growth ETF Trading Up 0.2%
CGGR stock opened at $47.03 on Thursday. Capital Group Growth ETF has a 1-year low of $38.55 and a 1-year high of $48.02. The firm has a market cap of $25.31 billion, a PE ratio of 30.88 and a beta of 1.18. The business’s 50-day moving average price is $46.10 and its two-hundred day moving average price is $44.51.
Hedge Funds Weigh In On Capital Group Growth ETF
Institutional investors have recently modified their holdings of the business. Trademark Financial Management LLC lifted its stake in Capital Group Growth ETF by 2.7% in 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 in the last quarter. Sapient Capital LLC increased its position in shares of Capital Group Growth ETF by 3.9% during the second quarter. Sapient Capital LLC now owns 6,730 shares of the company’s stock worth $318,000 after acquiring an additional 250 shares in the last quarter. CFS Investment Advisory Services LLC increased its position in shares of Capital Group Growth ETF by 0.6% during the second quarter. CFS Investment Advisory Services LLC now owns 48,597 shares of the company’s stock worth $2,261,000 after acquiring an additional 290 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of Capital Group Growth ETF by 5.8% during the second quarter. CoreCap Advisors LLC now owns 5,397 shares of the company’s stock worth $255,000 after acquiring an additional 294 shares in the last quarter. Finally, KMG Fiduciary Partners LLC raised its holdings in shares of Capital Group Growth ETF by 1.7% during the second quarter. KMG Fiduciary Partners LLC now owns 17,868 shares of the company’s stock worth $843,000 after acquiring an additional 298 shares during the period.
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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