Short Interest in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Decreases By 46.6%

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 150,846 shares, a decrease of 46.6% from the December 15th total of 282,408 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 473,265 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 473,265 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the company’s stock are short sold.

Capital Group Conservative Equity ETF Stock Up 0.1%

NYSEARCA:CGCV traded up $0.05 during trading hours on Friday, reaching $31.24. The company had a trading volume of 68,205 shares, compared to its average volume of 416,024. Capital Group Conservative Equity ETF has a twelve month low of $23.93 and a twelve month high of $31.30. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 23.69 and a beta of 0.72. The business’s 50-day simple moving average is $30.50 and its two-hundred day simple moving average is $29.90.

Capital Group Conservative Equity ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a $0.1383 dividend. The ex-dividend date was Friday, December 26th. This represents a $0.55 annualized dividend and a dividend yield of 1.8%. This is a boost from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09.

Hedge Funds Weigh In On Capital Group Conservative Equity ETF

Several large investors have recently added to or reduced their stakes in the business. Comerica Bank boosted its position in shares of Capital Group Conservative Equity ETF by 156.4% during the third quarter. Comerica Bank now owns 905 shares of the company’s stock valued at $27,000 after buying an additional 552 shares during the last quarter. Sunbelt Securities Inc. bought a new position in Capital Group Conservative Equity ETF during the 3rd quarter valued at $30,000. Geneos Wealth Management Inc. purchased a new position in Capital Group Conservative Equity ETF during the 1st quarter worth $31,000. EverSource Wealth Advisors LLC purchased a new position in Capital Group Conservative Equity ETF during the 3rd quarter worth $38,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Capital Group Conservative Equity ETF in the 1st quarter worth $42,000.

Capital Group Conservative Equity ETF Company Profile

The Capital Group Conservative Equity ETF (CGCV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking total returns through investments in North American companies. CGCV was launched on Jun 25, 2024 and is issued by Capital Group.