Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Sees Significant Decrease in Short Interest

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 143,756 shares, a drop of 52.6% from the June 30th total of 303,069 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 418,774 shares, the days-to-cover ratio is currently 0.3 days.

Capital Group Conservative Equity ETF Price Performance

Shares of CGCV stock traded up $0.15 on Tuesday, hitting $33.27. The company’s stock had a trading volume of 197,349 shares, compared to its average volume of 338,448. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 23.69 and a beta of 0.65. Capital Group Conservative Equity ETF has a fifty-two week low of $28.62 and a fifty-two week high of $33.48. The firm’s fifty day moving average price is $32.53 and its 200-day moving average price is $31.57.

Institutional Trading of Capital Group Conservative Equity ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Valmark Advisers Inc. lifted its holdings in Capital Group Conservative Equity ETF by 191.3% in the 4th quarter. Valmark Advisers Inc. now owns 233,971 shares of the company’s stock worth $7,134,000 after purchasing an additional 153,651 shares during the last quarter. Brookstone Capital Management raised its position in shares of Capital Group Conservative Equity ETF by 98.8% in the fourth quarter. Brookstone Capital Management now owns 55,398 shares of the company’s stock valued at $1,689,000 after purchasing an additional 27,534 shares during the period. Tribridge Partners Financial LLC raised its position in shares of Capital Group Conservative Equity ETF by 9.2% in the fourth quarter. Tribridge Partners Financial LLC now owns 757,961 shares of the company’s stock valued at $23,110,000 after purchasing an additional 63,997 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Capital Group Conservative Equity ETF by 279.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 680,465 shares of the company’s stock worth $20,747,000 after buying an additional 501,245 shares during the last quarter. Finally, Confluence Wealth Services Inc. lifted its stake in shares of Capital Group Conservative Equity ETF by 1,678.5% in the fourth quarter. Confluence Wealth Services Inc. now owns 267,062 shares of the company’s stock worth $8,143,000 after buying an additional 252,046 shares during the last quarter.

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.