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

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 204,147 shares, a growth of 35.3% from the December 31st total of 150,846 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 452,352 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 452,352 shares, the short-interest ratio is currently 0.5 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Trading of Capital Group Conservative Equity ETF

Several hedge funds have recently modified their holdings of CGCV. Sigma Planning Corp increased its position in Capital Group Conservative Equity ETF by 52.8% in the 4th quarter. Sigma Planning Corp now owns 28,928 shares of the company’s stock valued at $882,000 after acquiring an additional 10,001 shares in the last quarter. Canandaigua National Trust Co of Florida acquired a new position in shares of Capital Group Conservative Equity ETF in the 4th quarter valued at approximately $1,455,000. DMKC Advisory Services LLC bought a new position in Capital Group Conservative Equity ETF during the 4th quarter worth about $1,791,000. D.A. Davidson & CO. raised its holdings in shares of Capital Group Conservative Equity ETF by 20.0% in the fourth quarter. D.A. Davidson & CO. now owns 22,295 shares of the company’s stock valued at $680,000 after purchasing an additional 3,715 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in Capital Group Conservative Equity ETF during the 4th quarter worth about $28,000.

Capital Group Conservative Equity ETF Stock Up 0.4%

Shares of CGCV traded up $0.11 during mid-day trading on Friday, hitting $31.09. 239,110 shares of the company’s stock were exchanged, compared to its average volume of 383,975. Capital Group Conservative Equity ETF has a twelve month low of $23.93 and a twelve month high of $31.33. The firm has a fifty day moving average of $30.73 and a two-hundred day moving average of $30.07. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 23.69 and a beta of 0.72.

Capital Group Conservative Equity ETF Increases Dividend

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

About Capital Group Conservative Equity ETF

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.