Capital Group Global Growth Equity ETF (NYSEARCA:CGGO – Get Free Report) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 365,363 shares, a drop of 65.7% from the April 15th total of 1,064,901 shares. Based on an average daily trading volume, of 1,264,277 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.
Capital Group Global Growth Equity ETF Stock Performance
Shares of Capital Group Global Growth Equity ETF stock traded down $1.04 during trading hours on Friday, reaching $38.72. The company’s stock had a trading volume of 1,274,513 shares, compared to its average volume of 1,355,448. Capital Group Global Growth Equity ETF has a one year low of $29.82 and a one year high of $40.04. The company has a market capitalization of $10.48 billion, a P/E ratio of 22.37 and a beta of 1.01. The stock’s fifty day simple moving average is $36.03 and its two-hundred day simple moving average is $35.58.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Capital Group Private Client Services Inc. lifted its stake in shares of 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 valued at $731,762,000 after buying an additional 839,808 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of Capital Group Global Growth Equity ETF by 2,846.3% in the fourth quarter. Corient Private Wealth LLC now owns 20,211,701 shares of the company’s stock valued at $700,335,000 after buying an additional 19,525,691 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Capital Group Global Growth Equity ETF by 14.9% in the fourth quarter. LPL Financial LLC now owns 15,068,808 shares of the company’s stock valued at $522,134,000 after buying an additional 1,958,085 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of Capital Group Global Growth Equity ETF by 9.3% in the fourth quarter. Raymond James Financial Inc. now owns 13,130,315 shares of the company’s stock valued at $454,965,000 after buying an additional 1,121,445 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted 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 valued at $383,001,000 after purchasing an additional 34,680 shares in the last quarter.
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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