Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Short Interest Update

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 442,095 shares, a decrease of 37.1% from the June 30th total of 702,719 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 615,564 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CGDG. Global Retirement Partners LLC increased its position in shares of Capital Group Dividend Growers ETF by 330.8% in the fourth quarter. Global Retirement Partners LLC now owns 43,688 shares of the company’s stock valued at $1,557,000 after acquiring an additional 33,546 shares during the period. RFG Advisory LLC boosted its holdings in shares of Capital Group Dividend Growers ETF by 217.8% during the fourth quarter. RFG Advisory LLC now owns 142,426 shares of the company’s stock worth $5,076,000 after purchasing an additional 97,611 shares during the period. Swisher Financial Concepts Inc. grew its stake in shares of Capital Group Dividend Growers ETF by 6.5% in the first quarter. Swisher Financial Concepts Inc. now owns 222,399 shares of the company’s stock worth $7,984,000 after purchasing an additional 13,623 shares during the last quarter. UBS Group AG grew its stake in shares of Capital Group Dividend Growers ETF by 19.0% in the fourth quarter. UBS Group AG now owns 930,806 shares of the company’s stock worth $33,174,000 after purchasing an additional 148,596 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in Capital Group Dividend Growers ETF by 40.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 164,128 shares of the company’s stock valued at $5,850,000 after purchasing an additional 47,672 shares during the period.

Capital Group Dividend Growers ETF Price Performance

Capital Group Dividend Growers ETF stock traded down $0.09 during trading hours on Friday, reaching $38.34. The company had a trading volume of 575,450 shares, compared to its average volume of 726,542. The company has a 50-day moving average price of $37.66 and a 200 day moving average price of $37.11. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 20.18 and a beta of 0.49. Capital Group Dividend Growers ETF has a 12-month low of $32.90 and a 12-month high of $38.54.

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.