Short Interest in Capital Group Dividend Value ETF (NYSEARCA:CGDV) Expands By 90.5%

Capital Group Dividend Value ETF (NYSEARCA:CGDV) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,243,096 shares, a growth of 90.5% from the May 31st total of 652,565 shares. Based on an average daily trading volume, of 3,764,032 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Capital Group Dividend Value ETF Price Performance

CGDV stock traded down $0.09 during midday trading on Wednesday, reaching $49.19. 4,136,532 shares of the company’s stock traded hands, compared to its average volume of 4,564,734. Capital Group Dividend Value ETF has a fifty-two week low of $39.50 and a fifty-two week high of $49.43. The business has a 50-day moving average price of $47.82 and a two-hundred day moving average price of $45.53. The company has a market capitalization of $35.48 billion, a P/E ratio of 26.59 and a beta of 0.89.

Institutional Trading of Capital Group Dividend Value ETF

A number of institutional investors have recently added to or reduced their stakes in CGDV. Armstrong Fleming & Moore Inc raised its position in shares of Capital Group Dividend Value ETF by 22.0% during the fourth quarter. Armstrong Fleming & Moore Inc now owns 250,179 shares of the company’s stock worth $10,918,000 after purchasing an additional 45,077 shares during the period. Kaizen Financial Strategies grew its position in shares of Capital Group Dividend Value ETF by 5.0% in the 4th quarter. Kaizen Financial Strategies now owns 304,926 shares of the company’s stock valued at $13,307,000 after purchasing an additional 14,641 shares during the period. AA Financial Advisors LLC increased its stake in Capital Group Dividend Value ETF by 4.5% during the 4th quarter. AA Financial Advisors LLC now owns 755,250 shares of the company’s stock worth $32,959,000 after purchasing an additional 32,219 shares in the last quarter. Richards Merrill & Peterson Inc. raised its holdings in Capital Group Dividend Value ETF by 72.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 59,315 shares of the company’s stock worth $2,523,000 after buying an additional 24,945 shares during the period. Finally, Stratos Wealth Partners LTD. raised its holdings in Capital Group Dividend Value ETF by 49.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 245,973 shares of the company’s stock worth $10,734,000 after buying an additional 81,269 shares during the period.

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.