Capital Group Global Equity ETF (NYSEARCA:CGGE – Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 292,229 shares, a drop of 38.6% from the September 15th total of 476,123 shares. Based on an average trading volume of 445,947 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s shares are short sold.
Hedge Funds Weigh In On Capital Group Global Equity ETF
Several hedge funds and other institutional investors have recently modified their holdings of the company. NFSG Corp purchased a new position in Capital Group Global Equity ETF in the third quarter valued at approximately $40,000. R2 Capital Strategies LLC grew its stake in Capital Group Global Equity ETF by 1.7% during the third quarter. R2 Capital Strategies LLC now owns 60,653 shares of the company’s stock worth $2,111,000 after buying an additional 1,021 shares during the period. Lincoln Capital LLC grew its stake in Capital Group Global Equity ETF by 13.4% during the third quarter. Lincoln Capital LLC now owns 7,881 shares of the company’s stock worth $274,000 after buying an additional 929 shares during the period. Venture Visionary Partners LLC grew its stake in Capital Group Global Equity ETF by 11.0% during the third quarter. Venture Visionary Partners LLC now owns 299,344 shares of the company’s stock worth $10,420,000 after buying an additional 29,739 shares during the period. Finally, Canandaigua National Trust Co of Florida purchased a new stake in Capital Group Global Equity ETF during the third quarter worth approximately $801,000.
Capital Group Global Equity ETF Trading Down 1.0%
NYSEARCA:CGGE traded down $0.34 on Friday, hitting $34.30. 305,203 shares of the stock were exchanged, compared to its average volume of 660,872. The stock has a market cap of $3.25 billion, a PE ratio of 24.18 and a beta of 0.81. The stock has a fifty day moving average of $35.15 and a 200-day moving average of $34.27. Capital Group Global Equity ETF has a fifty-two week low of $29.39 and a fifty-two week high of $36.08.
About Capital Group Global Equity ETF
The Capital Group Global Equity ETF (CGGE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks total returns by actively managing a portfolio of companies from around the world. CGGE was launched on Jun 25, 2024 and is issued by Capital Group.
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