Short Interest in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Increases By 273.7%

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 251,702 shares, an increase of 273.7% from the August 15th total of 67,362 shares. Based on an average trading volume of 309,759 shares, the short-interest ratio is currently 0.8 days. Currently, 0.4% of the shares of the stock are short sold.

Capital Group Conservative Equity ETF Trading Up 0.6%

NYSEARCA CGCV traded up $0.18 during trading on Friday, hitting $32.74. 154,050 shares of the company’s stock were exchanged, compared to its average volume of 325,341. The company has a market cap of $1.94 billion, a PE ratio of 23.69 and a beta of 0.64. Capital Group Conservative Equity ETF has a fifty-two week low of $29.26 and a fifty-two week high of $33.97. The stock’s 50 day moving average price is $33.20 and its two-hundred day moving average price is $32.04.

Capital Group Conservative Equity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were issued a dividend of $0.1187 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.47 annualized dividend and a dividend yield of 1.5%.

Hedge Funds Weigh In On Capital Group Conservative Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Midwest Heritage Bank FSB lifted its stake in shares of Capital Group Conservative Equity ETF by 54.8% in the 1st quarter. Midwest Heritage Bank FSB now owns 221,670 shares of the company’s stock valued at $6,608,000 after acquiring an additional 78,458 shares during the last quarter. RM Financial Services LLC bought a new stake in Capital Group Conservative Equity ETF during the 4th quarter worth $8,596,000. Valmark Advisers Inc. grew its position in Capital Group Conservative Equity ETF by 20.0% during the 1st quarter. Valmark Advisers Inc. now owns 280,706 shares of the company’s stock worth $8,368,000 after acquiring an additional 46,735 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Capital Group Conservative Equity ETF by 279.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 680,465 shares of the company’s stock worth $20,747,000 after purchasing an additional 501,245 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Capital Group Conservative Equity ETF by 25.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 180,061 shares of the company’s stock worth $5,368,000 after purchasing an additional 36,559 shares in 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.