Capital Group Dividend Value ETF (NYSEARCA:CGDV) Short Interest Down 62.0% in July

Capital Group Dividend Value ETF (NYSEARCA:CGDV) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 600,517 shares, a decline of 62.0% from the June 30th total of 1,580,304 shares. Based on an average daily volume of 4,045,004 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV stock opened at $49.03 on Wednesday. The company’s fifty day moving average price is $48.70 and its two-hundred day moving average price is $46.27. The firm has a market capitalization of $37.28 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12 month low of $39.87 and a 12 month high of $49.55.

Institutional Investors Weigh In On Capital Group Dividend Value ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pflug Koory LLC acquired a new stake in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $25,000. Bay Harbor Wealth Management LLC acquired a new position in Capital Group Dividend Value ETF in the fourth quarter worth $32,000. Tucker Asset Management LLC bought a new stake in Capital Group Dividend Value ETF during the fourth quarter valued at $32,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth $32,000. Finally, Triumph Capital Management bought a new position in shares of Capital Group Dividend Value ETF in the 3rd quarter worth about $32,000.

About Capital Group Dividend Value ETF

The Capital Group Dividend Value ETF (CGDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in stocks of dividend-paying, large- and mid-cap US companies. The fund seeks to produce income exceeding the average yield on US stocks. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.