Capital Group New Geography Equity ETF (NYSEARCA:CGNG – Get Free Report) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 468,542 shares, a decline of 43.5% from the August 31st total of 829,307 shares. Based on an average daily trading volume, of 525,334 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.5% of the shares of the company are sold short.
Capital Group New Geography Equity ETF Stock Performance
Shares of CGNG traded down $0.30 during mid-day trading on Wednesday, hitting $36.48. The company’s stock had a trading volume of 439,093 shares, compared to its average volume of 631,547. The stock’s 50-day moving average is $36.51 and its two-hundred day moving average is $35.52. The firm has a market capitalization of $3.12 billion, a PE ratio of 19.57 and a beta of 0.84. Capital Group New Geography Equity ETF has a one year low of $30.13 and a one year high of $38.25.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Baird Financial Group Inc. lifted its stake in shares of Capital Group New Geography Equity ETF by 30.7% in the second quarter. Baird Financial Group Inc. now owns 508,549 shares of the company’s stock valued at $19,050,000 after buying an additional 119,487 shares during the period. Ameritas Advisory Services LLC bought a new position in Capital Group New Geography Equity ETF during the second quarter valued at about $827,000. J. Derek Lewis & Associates Inc. bought a new position in Capital Group New Geography Equity ETF during the fourth quarter valued at about $3,362,000. Founders Financial Securities LLC raised its holdings in Capital Group New Geography Equity ETF by 90.5% in the 1st quarter. Founders Financial Securities LLC now owns 78,881 shares of the company’s stock valued at $2,648,000 after acquiring an additional 37,478 shares in the last quarter. Finally, Stonebridge Financial Group LLC raised its holdings in Capital Group New Geography Equity ETF by 39.1% in the 2nd quarter. Stonebridge Financial Group LLC now owns 108,734 shares of the company’s stock valued at $4,073,000 after acquiring an additional 30,590 shares in the last quarter.
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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