Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Short Interest Down 85.9% in January

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 123,007 shares, a decline of 85.9% from the December 31st total of 870,636 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 864,791 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 864,791 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Capital Group Dividend Growers ETF Price Performance

NYSEARCA CGDG traded down $0.21 during trading on Wednesday, reaching $36.66. 1,078,145 shares of the company’s stock traded hands, compared to its average volume of 882,586. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56. Capital Group Dividend Growers ETF has a 12-month low of $27.62 and a 12-month high of $36.89. The company’s 50 day simple moving average is $35.89 and its two-hundred day simple moving average is $34.93.

Capital Group Dividend Growers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a dividend of $0.1841 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.74 annualized dividend and a yield of 2.0%. This is a boost from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15.

Hedge Funds Weigh In On Capital Group Dividend Growers ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bond & Devick Financial Network Inc. raised its position in Capital Group Dividend Growers ETF by 3.4% during the fourth quarter. Bond & Devick Financial Network Inc. now owns 8,521 shares of the company’s stock valued at $304,000 after acquiring an additional 284 shares in the last quarter. Lodestone Wealth Management LLC lifted its holdings in Capital Group Dividend Growers ETF by 2.2% in the 4th quarter. Lodestone Wealth Management LLC now owns 15,453 shares of the company’s stock valued at $551,000 after purchasing an additional 327 shares in the last quarter. Trinity Wealth Management LLC lifted its stake in shares of Capital Group Dividend Growers ETF by 5.2% in the fourth quarter. Trinity Wealth Management LLC now owns 11,950 shares of the company’s stock worth $426,000 after buying an additional 589 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its stake in Capital Group Dividend Growers ETF by 35.8% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 2,238 shares of the company’s stock worth $78,000 after purchasing an additional 590 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its position in Capital Group Dividend Growers ETF by 11.3% during the second quarter. Centaurus Financial Inc. now owns 6,331 shares of the company’s stock worth $213,000 after buying an additional 642 shares in the last quarter.

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.