Capital Group Global Equity ETF (NYSEARCA:CGGE) Sees Significant Increase in Short Interest

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 199,382 shares, an increase of 202.7% from the January 15th total of 65,862 shares. Based on an average daily trading volume, of 859,333 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 859,333 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CGGE. Ascent Group LLC acquired a new stake in Capital Group Global Equity ETF in the third quarter valued at about $529,000. Envestnet Portfolio Solutions Inc. raised its stake in Capital Group Global Equity ETF by 265.3% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 254,247 shares of the company’s stock worth $7,828,000 after acquiring an additional 184,653 shares in the last quarter. Intrua Financial LLC lifted its holdings 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 worth $5,541,000 after acquiring an additional 56,096 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Capital Group Global Equity ETF by 80.2% in the second quarter. IFP Advisors Inc now owns 1,211 shares of the company’s stock worth $35,000 after acquiring an additional 539 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Capital Group Global Equity ETF by 36.0% in the 3rd 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.

Capital Group Global Equity ETF Stock Performance

CGGE opened at $32.80 on Thursday. The stock has a fifty day moving average of $32.13 and a 200-day moving average of $31.11. The company has a market capitalization of $1.99 billion, a P/E ratio of 24.18 and a beta of 0.72. Capital Group Global Equity ETF has a fifty-two week low of $22.76 and a fifty-two week high of $32.94.

Capital Group Global Equity ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a $0.1276 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a yield of 40.0%.

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.