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

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 979,565 shares, a growth of 574.8% from the May 31st total of 145,173 shares. Based on an average daily trading volume, of 614,523 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Capital Group Dividend Growers ETF in the 4th quarter valued at approximately $25,000. Ameriflex Group Inc. acquired a new position in Capital Group Dividend Growers ETF during the third quarter worth $33,000. Ancora Advisors LLC acquired a new position in Capital Group Dividend Growers ETF during the third quarter worth $48,000. Pinnacle Bancorp Inc. bought a new stake in Capital Group Dividend Growers ETF during the first quarter worth $50,000. Finally, Strategic Investment Solutions Inc. IL grew its position in shares of 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 valued at $78,000 after acquiring an additional 590 shares during the period.

Capital Group Dividend Growers ETF Stock Up 0.3%

Shares of NYSEARCA:CGDG traded up $0.13 during midday trading on Friday, reaching $37.68. The company had a trading volume of 183,481 shares, compared to its average volume of 748,506. Capital Group Dividend Growers ETF has a 1-year low of $32.90 and a 1-year high of $38.09. The stock has a market cap of $4.94 billion, a PE ratio of 20.18 and a beta of 0.50. The business’s 50 day moving average price is $37.29 and its 200 day moving average price is $36.74.

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.