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

Capital Group Growth ETF (NYSEARCA:CGGR) was the recipient 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 days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. New Millennium Group LLC acquired a new stake in shares of Capital Group Growth ETF in the 3rd quarter valued at approximately $25,000. Triumph Capital Management bought a new position in shares of Capital Group Growth ETF in the third quarter valued at $29,000. Fifth Third Bancorp increased its holdings in Capital Group Growth ETF by 285.9% during the third quarter. Fifth Third Bancorp now owns 683 shares of the company’s stock worth $30,000 after buying an additional 506 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its position in Capital Group Growth ETF by 88.7% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 1,064 shares of the company’s stock worth $47,000 after acquiring an additional 500 shares in the last quarter. Finally, Provenance Wealth Advisors LLC bought a new stake in Capital Group Growth ETF during the third quarter worth $60,000.

Capital Group Growth ETF Price Performance

Capital Group Growth ETF stock opened at $46.66 on Wednesday. The company has a market cap of $23.19 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The firm has a 50-day moving average of $45.23 and a 200-day moving average of $44.09. Capital Group Growth ETF has a one year low of $38.49 and a one year high of $48.02.

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.