Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Short Interest Update

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 48,918 shares, a decline of 82.9% from the April 30th total of 285,558 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 256,899 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Capital Group Conservative Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of CGCV. Comerica Bank increased its stake 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 worth $27,000 after purchasing an additional 552 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in Capital Group Conservative Equity ETF during the fourth quarter worth about $28,000. Sunbelt Securities Inc. acquired a new position in Capital Group Conservative Equity ETF during the third quarter worth about $30,000. IAG Wealth Partners LLC acquired a new position in Capital Group Conservative Equity ETF during the first quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC acquired a new position in Capital Group Conservative Equity ETF during the third quarter worth about $38,000.

Capital Group Conservative Equity ETF Stock Performance

Shares of CGCV stock traded down $0.02 on Friday, reaching $32.20. 357,677 shares of the company were exchanged, compared to its average volume of 332,855. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 23.69 and a beta of 0.69. The business has a 50-day moving average price of $31.02 and a 200 day moving average price of $30.92. Capital Group Conservative Equity ETF has a 1 year low of $27.40 and a 1 year high of $32.31.

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.