Capital Group Global Equity ETF (NYSEARCA:CGGE – Get Free Report) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 71,944 shares, a growth of 1,364.7% from the May 31st total of 4,912 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 572,399 shares, the short-interest ratio is presently 0.1 days.
Capital Group Global Equity ETF Stock Performance
Capital Group Global Equity ETF stock traded down $0.23 during midday trading on Friday, reaching $34.33. The stock had a trading volume of 726,258 shares, compared to its average volume of 767,111. The firm’s fifty day simple moving average is $33.83 and its 200-day simple moving average is $32.59. Capital Group Global Equity ETF has a 1-year low of $28.74 and a 1-year high of $35.21. The stock has a market capitalization of $2.60 billion, a P/E ratio of 24.18 and a beta of 0.82.
Institutional Trading of Capital Group Global Equity ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in CGGE. IAG Wealth Partners LLC boosted its holdings in Capital Group Global Equity ETF by 1.4% during the third quarter. IAG Wealth Partners LLC now owns 29,479 shares of the company’s stock worth $908,000 after purchasing an additional 400 shares during the last quarter. Sittner & Nelson LLC increased its stake in Capital Group Global Equity ETF by 7.3% in the 3rd quarter. Sittner & Nelson LLC now owns 7,388 shares of the company’s stock valued at $227,000 after buying an additional 500 shares during the last quarter. Ausdal Financial Partners Inc. increased its stake in Capital Group Global Equity ETF by 3.7% in the 4th quarter. Ausdal Financial Partners Inc. now owns 13,891 shares of the company’s stock valued at $439,000 after buying an additional 501 shares during the last quarter. Mutual Advisors LLC lifted its position in Capital Group Global Equity ETF by 3.5% during the 4th quarter. Mutual Advisors LLC now owns 15,421 shares of the company’s stock worth $488,000 after buying an additional 523 shares in the last quarter. Finally, Balboa Wealth Partners lifted its position in Capital Group Global Equity ETF by 3.4% during the 4th quarter. Balboa Wealth Partners now owns 18,631 shares of the company’s stock worth $589,000 after buying an additional 616 shares in the last quarter.
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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