Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Short Interest Update
by Scott Moore · The Cerbat GemCapital Group Dividend Growers ETF (NYSEARCA:CGDG – Get Free Report) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totaling 102,163 shares, a drop of 48.4% from the March 31st total of 198,145 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 609,802 shares, the days-to-cover ratio is currently 0.2 days.
Capital Group Dividend Growers ETF Price Performance
Capital Group Dividend Growers ETF stock traded down $0.19 during mid-day trading on Monday, hitting $36.87. The company’s stock had a trading volume of 492,617 shares, compared to its average volume of 820,372. The firm’s 50 day moving average is $36.67 and its 200 day moving average is $36.06. The company has a market cap of $4.72 billion, a PE ratio of 20.18 and a beta of 0.58. Capital Group Dividend Growers ETF has a 52-week low of $30.84 and a 52-week high of $38.00.
Institutional Investors Weigh In On Capital Group Dividend Growers ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Capital Group Dividend Growers ETF during the fourth quarter worth approximately $25,000. Ameriflex Group Inc. bought a new stake in shares of Capital Group Dividend Growers ETF during the third quarter worth $33,000. Ancora Advisors LLC bought a new stake in shares of Capital Group Dividend Growers ETF during the third quarter worth $48,000. Pinnacle Bancorp Inc. bought a new stake in shares of Capital Group Dividend Growers ETF during the first quarter worth $50,000. Finally, Strategic Investment Solutions Inc. IL grew its holdings in shares of Capital Group Dividend Growers ETF by 35.8% during the third quarter. Strategic Investment Solutions Inc. IL now owns 2,238 shares of the company’s stock worth $78,000 after purchasing an additional 590 shares during the last quarter.
About Capital Group Dividend Growers ETF
The Capital Group Dividend Growers ETF (CGDG) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects dividend-paying companies globally that are attractively valued and believed to provide dividend growth. It employs a multi-manager approach to portfolio management. CGDG was launched on Sep 26, 2023 and is issued by Capital Group.