Capital Group Global Equity ETF (NYSEARCA:CGGE) Short Interest Update

Capital Group Global Equity ETF (NYSEARCA:CGGE) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 441,939 shares, a growth of 373.2% from the March 31st total of 93,398 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 675,102 shares, the days-to-cover ratio is presently 0.7 days.

Capital Group Global Equity ETF Stock Performance

NYSEARCA CGGE opened at $32.97 on Monday. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 24.18 and a beta of 0.83. Capital Group Global Equity ETF has a twelve month low of $25.82 and a twelve month high of $33.37. The stock has a 50-day moving average of $31.82 and a 200 day moving average of $31.74.

Hedge Funds Weigh In On Capital Group Global Equity ETF

A number of hedge funds have recently made changes to their positions in the company. Ascent Group LLC purchased a new stake in shares of Capital Group Global Equity ETF in the third quarter valued at approximately $529,000. Envestnet Portfolio Solutions Inc. grew its position in shares of Capital Group Global Equity ETF by 265.3% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 254,247 shares of the company’s stock valued at $7,828,000 after purchasing an additional 184,653 shares in the last quarter. Intrua Financial LLC grew its position in shares of Capital Group Global Equity ETF by 45.3% in the third quarter. Intrua Financial LLC now owns 179,966 shares of the company’s stock valued at $5,541,000 after purchasing an additional 56,096 shares in the last quarter. Merit Financial Group LLC grew its position in shares of Capital Group Global Equity ETF by 16.9% in the third quarter. Merit Financial Group LLC now owns 148,996 shares of the company’s stock valued at $4,588,000 after purchasing an additional 21,509 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of Capital Group Global Equity ETF by 36.0% in the third quarter. Commonwealth Equity Services LLC now owns 467,546 shares of the company’s stock valued at $14,396,000 after purchasing an additional 123,691 shares in the last quarter.

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.