Short Interest in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Rises By 273.7%

by · The Cerbat Gem

Capital Group Conservative Equity ETF (NYSEARCA:CGCV – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 251,702 shares, a growth of 273.7% from the August 15th total of 67,362 shares. Based on an average daily volume of 309,759 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.4% of the company’s shares are sold short.

Hedge Funds Weigh In On Capital Group Conservative Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital International Investors lifted its holdings in shares of Capital Group Conservative Equity ETF by 0.7% during the fourth quarter. Capital International Investors now owns 9,928,478 shares of the company’s stock worth $302,719,000 after purchasing an additional 70,955 shares during the period. LPL Financial LLC increased its holdings in Capital Group Conservative Equity ETF by 53.9% in the fourth quarter. LPL Financial LLC now owns 3,942,987 shares of the company’s stock valued at $120,222,000 after purchasing an additional 1,380,934 shares during the period. Capital Group Private Client Services Inc. increased its holdings in Capital Group Conservative Equity ETF by 13.8% in the fourth quarter. Capital Group Private Client Services Inc. now owns 3,732,528 shares of the company’s stock valued at $113,805,000 after purchasing an additional 452,925 shares during the period. Raymond James Financial Inc. raised its position in Capital Group Conservative Equity ETF by 36.7% during the 3rd quarter. Raymond James Financial Inc. now owns 1,909,889 shares of the company’s stock worth $57,507,000 after purchasing an additional 512,552 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Capital Group Conservative Equity ETF by 502.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,079,169 shares of the company’s stock worth $32,904,000 after purchasing an additional 899,949 shares during the last quarter.

Capital Group Conservative Equity ETF Stock Performance

Shares of Capital Group Conservative Equity ETF stock traded up $0.18 on Friday, hitting $32.74. The stock had a trading volume of 154,050 shares, compared to its average volume of 325,341. The stock has a 50 day moving average of $33.20 and a 200 day moving average of $32.04. Capital Group Conservative Equity ETF has a twelve month low of $29.26 and a twelve month high of $33.97. The firm has a market capitalization of $1.94 billion, a P/E ratio of 23.69 and a beta of 0.64.

Capital Group Conservative Equity ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.1187 per share. This represents a $0.47 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 30th.

About Capital Group Conservative Equity ETF

(Get Free Report)

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.

Featured Stories