Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Sees Large Increase in Short Interest

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 248,655 shares, a growth of 82.5% from the September 30th total of 136,227 shares. Based on an average daily trading volume, of 323,979 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the shares of the stock are short sold.

Capital Group Conservative Equity ETF Price Performance

Capital Group Conservative Equity ETF stock traded down $0.22 during mid-day trading on Friday, reaching $33.54. The company had a trading volume of 280,703 shares, compared to its average volume of 320,169. Capital Group Conservative Equity ETF has a 1 year low of $29.26 and a 1 year high of $33.97. The company has a market capitalization of $2.21 billion, a P/E ratio of 23.69 and a beta of 0.65. The stock’s 50-day simple moving average is $32.88 and its 200-day simple moving average is $32.07.

Capital Group Conservative Equity ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were issued a $0.1268 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.1187.

Hedge Funds Weigh In On Capital Group Conservative Equity ETF

Several hedge funds have recently added to or reduced their stakes in the business. DMKC Advisory Services LLC lifted 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 valued at $31,232,000 after purchasing an additional 882,200 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Capital Group Conservative Equity ETF by 12.6% during the first quarter. Cetera Investment Advisers now owns 892,128 shares of the company’s stock worth $26,594,000 after buying an additional 99,802 shares in the last quarter. Envision Financial Planning LLC grew its holdings in shares of Capital Group Conservative Equity ETF by 4.1% during the first quarter. Envision Financial Planning LLC now owns 628,948 shares of the company’s stock worth $18,749,000 after buying an additional 24,819 shares in the last quarter. Clearstead Trust LLC raised its position in shares of Capital Group Conservative Equity ETF by 67.8% in the first quarter. Clearstead Trust LLC now owns 513,754 shares of the company’s stock valued at $15,315,000 after buying an additional 207,660 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its position in shares of Capital Group Conservative Equity ETF by 15.3% in the third quarter. AdvisorNet Financial Inc now owns 423,813 shares of the company’s stock valued at $13,960,000 after buying an additional 56,127 shares during the last quarter.

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.