Capital Group Global Growth Equity ETF (NYSEARCA:CGGO – Get Free Report) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,352,732 shares, a growth of 146.1% from the July 15th total of 549,581 shares. Based on an average trading volume of 1,481,789 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the shares of the stock are short sold.
Institutional Trading of Capital Group Global Growth Equity ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Group Private Client Services Inc. grew its position in Capital Group Global Growth Equity ETF by 4.1% in the fourth quarter. Capital Group Private Client Services Inc. now owns 21,118,680 shares of the company’s stock worth $731,762,000 after buying an additional 839,808 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of Capital Group Global Growth Equity ETF by 2,846.3% during the 4th quarter. Corient Private Wealth LLC now owns 20,211,701 shares of the company’s stock worth $700,335,000 after acquiring an additional 19,525,691 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Capital Group Global Growth Equity ETF by 14.9% in the 4th quarter. LPL Financial LLC now owns 15,068,808 shares of the company’s stock worth $522,134,000 after acquiring an additional 1,958,085 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Capital Group Global Growth Equity ETF by 9.3% during the fourth quarter. Raymond James Financial Inc. now owns 13,130,315 shares of the company’s stock worth $454,965,000 after purchasing an additional 1,121,445 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Capital Group Global Growth Equity ETF by 0.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,053,425 shares of the company’s stock worth $383,001,000 after purchasing an additional 34,680 shares during the period.
Capital Group Global Growth Equity ETF Trading Down 0.0%
NYSEARCA:CGGO opened at $41.28 on Friday. Capital Group Global Growth Equity ETF has a twelve month low of $31.94 and a twelve month high of $42.88. The company has a 50-day moving average of $40.55 and a 200-day moving average of $38.11. The firm has a market cap of $11.95 billion, a price-to-earnings ratio of 22.37 and a beta of 1.02.
About Capital Group Global Growth Equity ETF
The Capital Group Global Growth Equity ETF (CGGO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in US and non-US companies of any market capitalization with growth potential. CGGO was launched on Feb 22, 2022 and is managed by Capital Group.
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