Capital Group Dividend Value ETF (NYSEARCA:CGDV) Sees Significant Increase in Short Interest

Capital Group Dividend Value ETF (NYSEARCA:CGDV) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 1,427,770 shares, an increase of 69.8% from the September 30th total of 840,971 shares. Based on an average daily trading volume, of 3,104,617 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

Capital Group Dividend Value ETF Stock Down 0.3%

NYSEARCA:CGDV opened at $48.67 on Tuesday. The stock has a market cap of $38.77 billion, a P/E ratio of 26.59 and a beta of 0.88. The business’s 50-day moving average price is $49.38 and its two-hundred day moving average price is $47.46. Capital Group Dividend Value ETF has a twelve month low of $41.31 and a twelve month high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a $0.1522 dividend. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. This represents a $0.61 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, September 30th.

Institutional Investors Weigh In On Capital Group Dividend Value ETF

Hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers grew its position in Capital Group Dividend Value ETF by 12.0% in the first quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock worth $781,004,000 after acquiring an additional 1,959,868 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Capital Group Dividend Value ETF by 7.0% in the 1st quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock worth $762,020,000 after purchasing an additional 1,166,097 shares in the last quarter. Advance Capital Management Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 1.4% in the 1st quarter. Advance Capital Management Inc. now owns 10,192,029 shares of the company’s stock worth $433,569,000 after purchasing an additional 140,796 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of Capital Group Dividend Value ETF by 9.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 7,609,979 shares of the company’s stock valued at $371,747,000 after purchasing an additional 654,911 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Capital Group Dividend Value ETF by 19.6% during the 1st quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock valued at $318,176,000 after purchasing an additional 1,223,486 shares during the last quarter.

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.