Short Interest in Capital Group Growth ETF (NYSEARCA:CGGR) Grows By 83.6%

Capital Group Growth ETF (NYSEARCA:CGGR) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 3,149,632 shares, a growth of 83.6% from the February 26th total of 1,715,437 shares. Based on an average daily trading volume, of 4,980,650 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.7% of the company’s stock are short sold.

Institutional Investors Weigh In On Capital Group Growth ETF

Large investors have recently made changes to their positions in the stock. Melone Private Wealth LLC acquired a new position in Capital Group Growth ETF in the 3rd quarter valued at about $637,000. WESPAC Advisors LLC acquired a new stake in Capital Group Growth ETF during the third quarter worth approximately $545,000. Ergawealth Advisors Inc. lifted its position in Capital Group Growth ETF by 5.1% during the third quarter. Ergawealth Advisors Inc. now owns 668,167 shares of the company’s stock worth $29,346,000 after acquiring an additional 32,438 shares during the last quarter. DAVENPORT & Co LLC grew its position in shares of Capital Group Growth ETF by 16.7% in the third quarter. DAVENPORT & Co LLC now owns 443,697 shares of the company’s stock valued at $19,487,000 after purchasing an additional 63,418 shares during the last quarter. Finally, Founders Financial Alliance LLC grew its position in shares of Capital Group Growth ETF by 1,656.5% in the third quarter. Founders Financial Alliance LLC now owns 116,142 shares of the company’s stock valued at $5,101,000 after purchasing an additional 109,530 shares during the last quarter.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA CGGR opened at $39.89 on Friday. The stock has a market capitalization of $17.67 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The business has a 50-day moving average of $43.03 and a 200-day moving average of $43.81. Capital Group Growth ETF has a fifty-two week low of $29.23 and a fifty-two week high of $45.83.

Capital Group Growth ETF Company Profile

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.