Short Interest in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Expands By 78.8%

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 217,932 shares, a growth of 78.8% from the January 29th total of 121,886 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 627,255 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 627,255 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Investors Weigh In On Capital Group New Geography Equity ETF

Several hedge funds have recently made changes to their positions in CGNG. Farther Finance Advisors LLC purchased a new position in Capital Group New Geography Equity ETF during the 3rd quarter worth approximately $28,000. Geneos Wealth Management Inc. purchased a new position in shares of Capital Group New Geography Equity ETF during the third quarter valued at $30,000. Bfsg LLC acquired a new position in Capital Group New Geography Equity ETF during the third quarter valued at $32,000. Flagship Harbor Advisors LLC acquired a new position in Capital Group New Geography Equity ETF during the fourth quarter valued at $34,000. Finally, Sittner & Nelson LLC purchased a new stake in Capital Group New Geography Equity ETF in the 2nd quarter worth about $37,000.

Capital Group New Geography Equity ETF Stock Down 0.5%

NYSEARCA:CGNG opened at $34.61 on Monday. The stock has a fifty day simple moving average of $33.53 and a 200 day simple moving average of $31.86. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 19.57 and a beta of 0.55. Capital Group New Geography Equity ETF has a 1-year low of $22.22 and a 1-year high of $35.12.

Capital Group New Geography Equity ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a $0.217 dividend. This represents a dividend yield of 67.0%. The ex-dividend date of this dividend was Friday, December 26th.

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.