Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Stock Short Interest Report for October

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 277,231 shares, a drop of 55.7% from the September 30th total of 625,658 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 746,122 shares, the days-to-cover ratio is presently 0.4 days.

Capital Group Dividend Growers ETF Trading Down 0.3%

NYSEARCA CGDG traded down $0.12 during trading hours on Friday, hitting $38.43. 898,860 shares of the company’s stock traded hands, compared to its average volume of 692,259. Capital Group Dividend Growers ETF has a 52 week low of $34.24 and a 52 week high of $39.15. The firm has a market capitalization of $5.91 billion, a P/E ratio of 20.18 and a beta of 0.50. The business’s fifty day moving average price is $37.97 and its two-hundred day moving average price is $37.45.

Capital Group Dividend Growers ETF Cuts Dividend

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

Institutional Investors Weigh In On Capital Group Dividend Growers ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Provenance Wealth Advisors LLC purchased a new position in shares of Capital Group Dividend Growers ETF in the third quarter valued at about $27,000. Signature Equity Partners LLC bought a new position in shares of Capital Group Dividend Growers ETF in the third quarter worth about $911,000. Security Financial Services INC. boosted its stake in shares of Capital Group Dividend Growers ETF by 3.4% in the third quarter. Security Financial Services INC. now owns 27,173 shares of the company’s stock worth $1,006,000 after acquiring an additional 893 shares during the period. Vise Technologies Inc. grew its position in shares of Capital Group Dividend Growers ETF by 32.7% during the third quarter. Vise Technologies Inc. now owns 14,087 shares of the company’s stock worth $522,000 after purchasing an additional 3,470 shares in the last quarter. Finally, BNB Wealth Management LLC grew its position in shares of Capital Group Dividend Growers ETF by 6.4% during the third quarter. BNB Wealth Management LLC now owns 126,564 shares of the company’s stock worth $4,687,000 after purchasing an additional 7,632 shares in the last quarter.

Capital Group Dividend Growers ETF Company Profile

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.