Capital Group Growth ETF (NYSEARCA:CGGR) Short Interest Down 33.1% in February
by Jessica Moore · The Cerbat GemCapital Group Growth ETF (NYSEARCA:CGGR – Get Free Report) was the recipient of a large decrease in short interest in February. As of February 13th, there was short interest totaling 2,598,026 shares, a decrease of 33.1% from the January 29th total of 3,885,063 shares. Based on an average daily trading volume, of 3,642,979 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.6% of the shares of the stock are short sold. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,642,979 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Investors Weigh In On Capital Group Growth ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC boosted its position 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 worth $2,019,429,000 after acquiring an additional 6,814,693 shares during the last quarter. Morgan Stanley lifted its stake in shares of Capital Group Growth ETF by 94.6% during the 4th quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock worth $1,195,293,000 after purchasing an additional 13,065,920 shares during the period. Capital Group Private Client Services Inc. boosted its holdings in shares of Capital Group Growth ETF by 2.5% during the fourth quarter. Capital Group Private Client Services Inc. now owns 24,026,194 shares of the company’s stock worth $1,068,445,000 after purchasing an additional 585,780 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Capital Group Growth ETF by 3.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,193,475 shares of the company’s stock valued at $586,714,000 after purchasing an additional 485,654 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Capital Group Growth ETF by 11.5% in the third quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock valued at $562,219,000 after purchasing an additional 1,322,744 shares during the period.
Capital Group Growth ETF Trading Down 1.3%
Shares of NYSEARCA CGGR traded down $0.57 during trading on Tuesday, reaching $42.56. The company had a trading volume of 7,354,776 shares, compared to its average volume of 3,961,646. Capital Group Growth ETF has a twelve month low of $29.23 and a twelve month high of $45.83. The stock has a 50-day moving average price of $44.13 and a two-hundred day moving average price of $43.88. The stock has a market capitalization of $18.85 billion, a PE ratio of 30.88 and a beta of 1.17.
Capital Group Growth ETF Announces Dividend
The company also recently announced a dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a $0.0424 dividend. This represents a yield of 19.0%. The ex-dividend date was Friday, December 26th.
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.