Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Sees Large Decline in Short Interest

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 49,838 shares, a decline of 77.6% from the February 26th total of 222,760 shares. Based on an average daily volume of 727,535 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 727,535 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Capital Group Dividend Growers ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CGDG. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Capital Group Dividend Growers ETF in the fourth quarter valued at about $25,000. Trust Co. of Vermont bought a new position in Capital Group Dividend Growers ETF in the 3rd quarter valued at $30,000. Ameriflex Group Inc. acquired a new stake in shares of Capital Group Dividend Growers ETF in the 3rd quarter valued at $33,000. Ancora Advisors LLC acquired a new stake in shares of Capital Group Dividend Growers ETF in the 3rd quarter valued at $48,000. Finally, Strategic Investment Solutions Inc. IL raised its position in shares of Capital Group Dividend Growers ETF by 35.8% during the third quarter. Strategic Investment Solutions Inc. IL now owns 2,238 shares of the company’s stock worth $78,000 after acquiring an additional 590 shares during the last quarter.

Capital Group Dividend Growers ETF Trading Up 0.9%

CGDG traded up $0.32 during midday trading on Wednesday, reaching $35.78. The company’s stock had a trading volume of 690,248 shares, compared to its average volume of 882,039. The company has a fifty day simple moving average of $36.81 and a 200 day simple moving average of $35.75. The stock has a market cap of $4.31 billion, a P/E ratio of 20.18 and a beta of 0.56. Capital Group Dividend Growers ETF has a twelve month low of $27.62 and a twelve month high of $38.00.

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.