Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Sees Significant Decline in Short Interest

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 442,095 shares, a decrease of 37.1% from the June 30th total of 702,719 shares. Based on an average daily volume of 615,564 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the company’s shares are sold short.

Capital Group Dividend Growers ETF Trading Up 0.8%

CGDG stock traded up $0.31 during trading on Thursday, reaching $38.43. 633,969 shares of the stock were exchanged, compared to its average volume of 727,591. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 20.18 and a beta of 0.49. The business has a 50 day moving average price of $37.64 and a 200-day moving average price of $37.10. Capital Group Dividend Growers ETF has a 1 year low of $32.90 and a 1 year high of $38.54.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CGDG. NewEdge Advisors LLC increased its stake in Capital Group Dividend Growers ETF by 13.8% during the first quarter. NewEdge Advisors LLC now owns 29,206 shares of the company’s stock worth $902,000 after acquiring an additional 3,550 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Capital Group Dividend Growers ETF in the 2nd quarter valued at $372,000. Sei Investments Co. grew its holdings in shares of Capital Group Dividend Growers ETF by 2,931.9% during the 2nd quarter. Sei Investments Co. now owns 255,957 shares of the company’s stock worth $8,608,000 after purchasing an additional 247,515 shares during the period. Main Street Financial Solutions LLC purchased a new position in shares of Capital Group Dividend Growers ETF during the 2nd quarter worth $507,000. Finally, Betterment LLC acquired a new stake in shares of Capital Group Dividend Growers ETF during the 2nd quarter worth about $1,130,000.

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.