Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Sees Significant Growth in Short Interest

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 851,111 shares, a growth of 551.9% from the January 29th total of 130,553 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average trading volume of 802,215 shares, the short-interest ratio is currently 1.1 days. Based on an average trading volume of 802,215 shares, the short-interest ratio is currently 1.1 days. Currently, 0.7% of the company’s shares are short sold.

Capital Group Dividend Growers ETF Price Performance

Shares of NYSEARCA:CGDG traded down $0.01 during mid-day trading on Friday, reaching $37.90. 814,036 shares of the company were exchanged, compared to its average volume of 941,552. Capital Group Dividend Growers ETF has a 1 year low of $27.62 and a 1 year high of $38.00. The firm’s 50-day simple moving average is $36.72 and its 200 day simple moving average is $35.45. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56.

Capital Group Dividend Growers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.1841 per share. This is an increase from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. This represents a $0.74 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, December 26th.

Institutional Investors Weigh In On Capital Group Dividend Growers ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Astoria Portfolio Advisors LLC. purchased a new position in Capital Group Dividend Growers ETF during the 4th quarter valued at about $737,000. Summit Global Investments increased its stake in Capital Group Dividend Growers ETF by 8.4% during the fourth quarter. Summit Global Investments now owns 17,135 shares of the company’s stock worth $611,000 after purchasing an additional 1,331 shares during the period. Raymond James Financial Inc. increased its stake in Capital Group Dividend Growers ETF by 17.3% during the fourth quarter. Raymond James Financial Inc. now owns 4,159,257 shares of the company’s stock worth $148,236,000 after purchasing an additional 612,090 shares during the period. Onyx Bridge Wealth Group LLC lifted its position in shares of Capital Group Dividend Growers ETF by 1.9% during the fourth quarter. Onyx Bridge Wealth Group LLC now owns 414,523 shares of the company’s stock worth $14,774,000 after purchasing an additional 7,617 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Capital Group Dividend Growers ETF by 368.9% in the fourth quarter. NewEdge Advisors LLC now owns 245,048 shares of the company’s stock valued at $8,734,000 after purchasing an additional 192,785 shares during the period.

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.