Capital Group Global Equity ETF (NYSEARCA:CGGE – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 424,948 shares, a growth of 490.7% from the June 15th total of 71,944 shares. Based on an average trading volume of 674,577 shares, the short-interest ratio is currently 0.6 days. Currently, 0.5% of the company’s shares are sold short.
Institutional Investors Weigh In On Capital Group Global Equity ETF
A number of institutional investors have recently modified their holdings of the company. Stratos Wealth Partners LTD. boosted its position in Capital Group Global Equity ETF by 45.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 170,451 shares of the company’s stock valued at $5,391,000 after acquiring an additional 53,158 shares during the last quarter. Intrua Financial LLC grew its holdings in Capital Group Global Equity ETF by 24.7% during the 4th quarter. Intrua Financial LLC now owns 224,506 shares of the company’s stock worth $7,101,000 after acquiring an additional 44,540 shares during the period. Kingswood Wealth Advisors LLC bought a new position in shares of Capital Group Global Equity ETF in the 4th quarter worth about $1,067,000. PFG Advisors raised its position in shares of Capital Group Global Equity ETF by 88.4% in the 4th quarter. PFG Advisors now owns 47,787 shares of the company’s stock worth $1,512,000 after acquiring an additional 22,426 shares in the last quarter. Finally, Valmark Advisers Inc. lifted its stake in shares of Capital Group Global Equity ETF by 48.6% in the 4th quarter. Valmark Advisers Inc. now owns 112,660 shares of the company’s stock valued at $3,563,000 after purchasing an additional 36,862 shares during the period.
Capital Group Global Equity ETF Trading Down 0.2%
NYSEARCA:CGGE traded down $0.06 on Friday, reaching $34.90. 417,468 shares of the stock traded hands, compared to its average volume of 758,830. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 24.18 and a beta of 0.80. The company’s 50 day moving average is $34.26 and its 200-day moving average is $32.85. Capital Group Global Equity ETF has a 1-year low of $28.74 and a 1-year high of $35.40.
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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