Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Sees Significant Drop in Short Interest

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 303,069 shares, a decrease of 39.5% from the June 15th total of 501,167 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 497,046 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Capital Group Conservative Equity ETF

Hedge funds have recently added to or reduced their stakes in the stock. KWB Wealth increased its stake in shares of Capital Group Conservative Equity ETF by 34.3% during the 2nd quarter. KWB Wealth now owns 23,272 shares of the company’s stock worth $764,000 after purchasing an additional 5,943 shares during the last quarter. M.E. Allison & CO. Inc. grew its stake in shares of Capital Group Conservative Equity ETF by 22.3% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 17,665 shares of the company’s stock worth $576,000 after acquiring an additional 3,220 shares during the period. DMKC Advisory Services LLC increased its holdings in Capital Group Conservative Equity ETF by 1,271.2% in the 2nd quarter. DMKC Advisory Services LLC now owns 951,600 shares of the company’s stock worth $31,232,000 after acquiring an additional 882,200 shares during the last quarter. CGN Advisors LLC increased its holdings in Capital Group Conservative Equity ETF by 2.4% in the 2nd quarter. CGN Advisors LLC now owns 45,135 shares of the company’s stock worth $1,481,000 after acquiring an additional 1,049 shares during the last quarter. Finally, Bulwark Capital Corp raised its stake in Capital Group Conservative Equity ETF by 5.0% in the 2nd quarter. Bulwark Capital Corp now owns 83,884 shares of the company’s stock valued at $2,753,000 after acquiring an additional 4,014 shares during the period.

Capital Group Conservative Equity ETF Stock Down 0.7%

CGCV stock traded down $0.23 during midday trading on Friday, hitting $32.88. The company’s stock had a trading volume of 111,282 shares, compared to its average volume of 341,291. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 23.69 and a beta of 0.65. The stock’s 50-day moving average price is $32.33 and its 200 day moving average price is $31.44. Capital Group Conservative Equity ETF has a 1 year low of $28.62 and a 1 year high of $33.16.

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.