Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Stock Short Interest Jumps 163.7%

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 625,658 shares, an increase of 163.7% from the September 15th total of 237,277 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 669,218 shares, the short-interest ratio is presently 0.9 days.

Capital Group Dividend Growers ETF Stock Up 0.1%

NYSEARCA CGDG traded up $0.03 during trading hours on Tuesday, hitting $37.44. 438,978 shares of the company were exchanged, compared to its average volume of 699,511. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50. Capital Group Dividend Growers ETF has a 52-week low of $34.20 and a 52-week high of $39.15. The company has a 50 day moving average of $38.19 and a two-hundred day moving average of $37.64.

Capital Group Dividend Growers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.1611 per share. This is a decrease from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865. This represents a $0.64 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, September 30th.

Hedge Funds Weigh In On Capital Group Dividend Growers ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Trinity Wealth Management LLC grew its holdings in Capital Group Dividend Growers ETF by 2.1% during the second quarter. Trinity Wealth Management LLC now owns 13,403 shares of the company’s stock valued at $503,000 after purchasing an additional 271 shares during the last quarter. Summit Global Investments boosted its stake in Capital Group Dividend Growers ETF by 1.9% in the 1st quarter. Summit Global Investments now owns 17,452 shares of the company’s stock worth $627,000 after purchasing an additional 317 shares during the period. CoreCap Advisors LLC lifted its position in shares of Capital Group Dividend Growers ETF by 49.1% in the third quarter. CoreCap Advisors LLC now owns 1,115 shares of the company’s stock worth $41,000 after purchasing an additional 367 shares in the last quarter. Sunbelt Securities Inc. grew its stake in Capital Group Dividend Growers ETF by 17.3% in the first quarter. Sunbelt Securities Inc. now owns 2,698 shares of the company’s stock valued at $97,000 after purchasing an additional 398 shares in the last quarter. Finally, Stephens Inc. AR boosted its holdings in shares of Capital Group Dividend Growers ETF by 0.4% in the 1st quarter. Stephens Inc. AR now owns 106,143 shares of the company’s stock valued at $3,811,000 after buying an additional 409 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.