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

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 282,408 shares, an increase of 207.5% from the November 30th total of 91,833 shares. Based on an average daily volume of 299,970 shares, the short-interest ratio is currently 0.9 days. Approximately 0.8% of the company’s stock are short sold. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 299,970 shares, the short-interest ratio is currently 0.9 days.

Capital Group Conservative Equity ETF Trading Down 0.4%

CGCV stock opened at $30.77 on Friday. Capital Group Conservative Equity ETF has a twelve month low of $23.93 and a twelve month high of $30.92. The company has a market capitalization of $1.06 billion, a P/E ratio of 23.69 and a beta of 0.72. The firm has a 50 day simple moving average of $30.32 and a 200-day simple moving average of $29.65.

Capital Group Conservative Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 26th will be given a dividend of $0.1383 per share. The ex-dividend date of this dividend is Friday, December 26th. This is a positive change from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09. This represents a $0.55 annualized dividend and a dividend yield of 1.8%.

Institutional Trading of Capital Group Conservative Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of CGCV. Comerica Bank grew its position in shares of Capital Group Conservative Equity ETF by 156.4% in the 3rd quarter. Comerica Bank now owns 905 shares of the company’s stock worth $27,000 after acquiring an additional 552 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in Capital Group Conservative Equity ETF in the third quarter worth $30,000. Geneos Wealth Management Inc. acquired a new position in Capital Group Conservative Equity ETF in the first quarter worth $31,000. EverSource Wealth Advisors LLC bought a new stake in Capital Group Conservative Equity ETF during the third quarter valued at $38,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Capital Group Conservative Equity ETF during the first quarter worth $42,000.

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.