Capital Group Global Equity ETF (NYSEARCA:CGGE – Get Free Report) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 157,503 shares, a decrease of 46.1% from the September 30th total of 292,229 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 433,387 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of CGGE. Principle Wealth Partners LLC grew its position in Capital Group Global Equity ETF by 18.5% in the third quarter. Principle Wealth Partners LLC now owns 35,980 shares of the company’s stock worth $1,252,000 after acquiring an additional 5,620 shares during the period. Kestra Advisory Services LLC raised its position in Capital Group Global Equity ETF by 74.7% in the third quarter. Kestra Advisory Services LLC now owns 256,543 shares of the company’s stock valued at $8,930,000 after purchasing an additional 109,701 shares during the period. Commonwealth Equity Services LLC raised its position in Capital Group Global Equity ETF by 5.0% in the third quarter. Commonwealth Equity Services LLC now owns 1,483,789 shares of the company’s stock valued at $51,651,000 after purchasing an additional 70,968 shares during the period. Provenance Wealth Advisors LLC acquired a new position in shares of Capital Group Global Equity ETF in the 3rd quarter valued at $58,000. Finally, Integrity Alliance LLC. acquired a new position in shares of Capital Group Global Equity ETF in the 3rd quarter valued at $767,000.
Capital Group Global Equity ETF Stock Down 0.0%
Shares of NYSEARCA CGGE traded down $0.01 during trading on Monday, hitting $33.91. The company had a trading volume of 521,450 shares, compared to its average volume of 651,615. The stock has a fifty day simple moving average of $34.82 and a two-hundred day simple moving average of $33.72. Capital Group Global Equity ETF has a fifty-two week low of $29.39 and a fifty-two week high of $36.08. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 24.18 and a beta of 0.81.
Capital Group Global Equity ETF Company Profile
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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