Capital Group Growth ETF (NYSEARCA:CGGR) Short Interest Up 83.7% in May
by Teresa Graham · The Cerbat GemCapital Group Growth ETF (NYSEARCA:CGGR – Get Free Report) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 1,794,143 shares, a growth of 83.7% from the May 14th total of 976,746 shares. Based on an average daily trading volume, of 2,572,402 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the shares of the company are sold short.
Capital Group Growth ETF Price Performance
Shares of NYSEARCA:CGGR traded up $1.14 during trading on Monday, hitting $46.96. 242,623 shares of the company were exchanged, compared to its average volume of 3,389,438. The company has a market cap of $23.34 billion, a PE ratio of 30.88 and a beta of 1.17. The stock has a 50 day moving average of $44.97 and a 200 day moving average of $44.04. Capital Group Growth ETF has a 52-week low of $38.49 and a 52-week high of $48.02.
Institutional Trading of Capital Group Growth ETF
A number of institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its holdings in shares of Capital Group Growth ETF by 94.6% in the fourth quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock worth $1,195,293,000 after buying an additional 13,065,920 shares in the last quarter. LPL Financial LLC grew its stake in Capital Group Growth ETF by 17.7% during the fourth quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock valued at $2,019,429,000 after acquiring an additional 6,814,693 shares in the last quarter. Raymond James Financial Inc. increased its holdings in Capital Group Growth ETF by 31.7% during the 3rd quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock worth $489,487,000 after acquiring an additional 2,680,056 shares during the period. Wells Fargo & Company MN increased its holdings in Capital Group Growth ETF by 26.2% during the 4th quarter. Wells Fargo & Company MN now owns 12,423,660 shares of the company’s stock worth $552,480,000 after acquiring an additional 2,580,345 shares during the period. Finally, Advance Capital Management Inc. lifted its stake in Capital Group Growth ETF by 239.5% in the 1st quarter. Advance Capital Management Inc. now owns 2,860,148 shares of the company’s stock worth $114,949,000 after purchasing an additional 2,017,650 shares in the last quarter.
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.