Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Short Interest Up 207.5% in December

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 282,408 shares, a growth of 207.5% from the November 30th total of 91,833 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 299,970 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 299,970 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.8% of the shares of the company are short sold.

Capital Group Conservative Equity ETF Stock Performance

Shares of CGCV traded down $0.13 during mid-day trading on Friday, reaching $30.77. 175,234 shares of the company’s stock traded hands, compared to its average volume of 249,992. The business’s 50-day moving average price is $30.32 and its 200-day moving average price is $29.64. The stock has a market capitalization of $1.06 billion, a P/E ratio of 23.69 and a beta of 0.72. Capital Group Conservative Equity ETF has a 12 month low of $23.93 and a 12 month high of $30.92.

Capital Group Conservative Equity ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 26th will be paid a dividend of $0.1383 per share. This is an increase from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, December 26th.

Institutional Trading of Capital Group Conservative Equity ETF

A number of institutional investors have recently made changes to their positions in CGCV. OLD Mission Capital LLC raised its position in shares of Capital Group Conservative Equity ETF by 183.7% during the first quarter. OLD Mission Capital LLC now owns 101,610 shares of the company’s stock worth $2,755,000 after purchasing an additional 65,800 shares during the period. Baird Financial Group Inc. increased its stake in Capital Group Conservative Equity ETF by 1,255.3% in the 1st quarter. Baird Financial Group Inc. now owns 135,529 shares of the company’s stock worth $3,675,000 after purchasing an additional 125,529 shares in the last quarter. Royal Bank of Canada raised its holdings in Capital Group Conservative Equity ETF by 1,424.1% during the 1st quarter. Royal Bank of Canada now owns 10,623 shares of the company’s stock worth $288,000 after buying an additional 9,926 shares during the period. NewEdge Advisors LLC acquired a new stake in Capital Group Conservative Equity ETF during the 1st quarter worth about $42,000. Finally, Jones Financial Companies Lllp purchased a new stake in Capital Group Conservative Equity ETF during the first quarter valued at about $47,420,000.

About Capital Group Conservative Equity ETF

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.