Capital Group New Geography Equity ETF (NYSEARCA:CGNG – Get Free Report) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 865,261 shares, an increase of 211.7% from the July 15th total of 277,609 shares. Based on an average daily trading volume, of 800,492 shares, the short-interest ratio is currently 1.1 days. Approximately 1.1% of the company’s stock are sold short.
Capital Group New Geography Equity ETF Stock Performance
Shares of NYSEARCA:CGNG traded down $0.05 on Friday, hitting $36.86. 422,949 shares of the company’s stock were exchanged, compared to its average volume of 651,338. The firm’s 50-day moving average is $36.25 and its 200 day moving average is $34.85. The company has a market capitalization of $2.81 billion, a PE ratio of 19.57 and a beta of 0.84. Capital Group New Geography Equity ETF has a 1-year low of $29.01 and a 1-year high of $38.25.
Institutional Investors Weigh In On Capital Group New Geography Equity ETF
Institutional investors have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC purchased a new position in Capital Group New Geography Equity ETF in the fourth quarter valued at approximately $34,000. EverSource Wealth Advisors LLC lifted its position in shares of Capital Group New Geography Equity ETF by 4,589.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,251 shares of the company’s stock worth $72,000 after buying an additional 2,203 shares during the last quarter. Transamerica Financial Advisors LLC lifted its position in shares of Capital Group New Geography Equity ETF by 68.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 3,709 shares of the company’s stock worth $118,000 after buying an additional 1,513 shares during the last quarter. Comerica Bank boosted its holdings in shares of Capital Group New Geography Equity ETF by 17.8% in the 3rd quarter. Comerica Bank now owns 3,836 shares of the company’s stock valued at $119,000 after buying an additional 579 shares in the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new position in shares of Capital Group New Geography Equity ETF in the 4th quarter valued at $125,000.
Capital Group New Geography Equity ETF Company Profile
The Capital Group New Geography Equity ETF (CGNG) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through investment in companies from the emerging markets, may include frontier markets securities. CGNG was launched on Jun 25, 2024 and is issued by Capital Group.
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