Capital Group Growth ETF (NYSEARCA:CGGR) Short Interest Update

by · The Cerbat Gem

Capital Group Growth ETF (NYSEARCA:CGGR – Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 976,746 shares, a drop of 68.1% from the April 30th total of 3,058,327 shares. Based on an average daily trading volume, of 2,446,557 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Capital Group Growth ETF Stock Up 0.4%

Shares of Capital Group Growth ETF stock traded up $0.18 during trading hours on Friday, hitting $47.73. The company’s stock had a trading volume of 1,689,830 shares, compared to its average volume of 3,507,549. The company has a market capitalization of $23.73 billion, a PE ratio of 30.88 and a beta of 1.17. The business has a fifty day moving average of $43.77 and a 200 day moving average of $43.81. Capital Group Growth ETF has a 1-year low of $37.64 and a 1-year high of $47.85.

Hedge Funds Weigh In On Capital Group Growth ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Genesis Private Wealth LLC lifted its holdings in shares of Capital Group Growth ETF by 7.6% during the fourth quarter. Genesis Private Wealth LLC now owns 227,232 shares of the company’s stock valued at $10,105,000 after purchasing an additional 16,050 shares during the last quarter. Founders Financial Alliance LLC increased 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 worth $5,101,000 after acquiring an additional 109,530 shares in the last quarter. Valmark Advisers Inc. raised its holdings in shares of Capital Group Growth ETF by 51.2% during the fourth quarter. Valmark Advisers Inc. now owns 873,172 shares of the company’s stock valued at $38,830,000 after acquiring an additional 295,543 shares during the period. Cozad Asset Management Inc. lifted its position in shares of Capital Group Growth ETF by 10.7% in the 3rd quarter. Cozad Asset Management Inc. now owns 169,183 shares of the company’s stock valued at $7,431,000 after acquiring an additional 16,315 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Capital Group Growth ETF by 40.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,384,925 shares of the company’s stock valued at $57,516,000 after acquiring an additional 400,108 shares in the last quarter.

Capital Group Growth ETF Company Profile

(Get Free Report)

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.

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