Capital Group New Geography Equity ETF (NYSEARCA:CGNG – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 341,786 shares, a decrease of 60.5% from the July 30th total of 865,261 shares. Based on an average daily trading volume, of 479,205 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the company’s shares are short sold.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in CGNG. EverSource Wealth Advisors LLC grew its stake in shares of Capital Group New Geography Equity ETF by 4,589.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,251 shares of the company’s stock worth $72,000 after purchasing an additional 2,203 shares during the period. Transamerica Financial Advisors LLC lifted its stake in Capital Group New Geography Equity ETF by 68.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 3,709 shares of the company’s stock valued at $118,000 after buying an additional 1,513 shares during the period. Comerica Bank boosted its holdings in Capital Group New Geography Equity ETF by 17.8% during the third quarter. Comerica Bank now owns 3,836 shares of the company’s stock worth $119,000 after buying an additional 579 shares during the last quarter. Birchwood Financial Partners Inc. bought a new position in Capital Group New Geography Equity ETF during the fourth quarter worth about $125,000. Finally, Sittner & Nelson LLC boosted its holdings in Capital Group New Geography Equity ETF by 281.2% during the third quarter. Sittner & Nelson LLC now owns 4,955 shares of the company’s stock worth $153,000 after buying an additional 3,655 shares during the last quarter.
Capital Group New Geography Equity ETF Stock Down 0.8%
CGNG stock traded down $0.28 during midday trading on Friday, reaching $36.82. The company’s stock had a trading volume of 717,155 shares, compared to its average volume of 646,301. Capital Group New Geography Equity ETF has a 52 week low of $29.02 and a 52 week high of $38.25. The stock has a market cap of $2.80 billion, a PE ratio of 19.57 and a beta of 0.84. The business’s 50-day simple moving average is $36.32 and its 200-day simple moving average is $35.07.
About Capital Group New Geography Equity ETF
The Capital Group New Geography Equity ETF (CGNG) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through investment in companies from the emerging markets, may include frontier markets securities. CGNG was launched on Jun 25, 2024 and is issued by Capital Group.
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