Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Short Interest Down 53.3% in August

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 268,278 shares, a decline of 53.3% from the July 30th total of 575,070 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 516,754 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC boosted its position in Capital Group Dividend Growers ETF by 59.6% during the 2nd quarter. Ameritas Advisory Services LLC now owns 144,797 shares of the company’s stock worth $5,431,000 after buying an additional 54,063 shares during the period. Kintra Wealth LLC raised its stake in shares of Capital Group Dividend Growers ETF by 158.2% during the second quarter. Kintra Wealth LLC now owns 46,706 shares of the company’s stock valued at $1,825,000 after acquiring an additional 28,620 shares during the last quarter. Endeavor Private Wealth Inc. raised its stake in shares of Capital Group Dividend Growers ETF by 3.4% during the second quarter. Endeavor Private Wealth Inc. now owns 84,585 shares of the company’s stock valued at $3,205,000 after acquiring an additional 2,796 shares during the last quarter. Hopwood Nicholas Hunter acquired a new position in shares of Capital Group Dividend Growers ETF during the second quarter worth $6,590,000. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of Capital Group Dividend Growers ETF by 2.0% during the second quarter. Concurrent Investment Advisors LLC now owns 229,567 shares of the company’s stock worth $8,611,000 after purchasing an additional 4,523 shares during the period.

Capital Group Dividend Growers ETF Trading Down 0.3%

CGDG traded down $0.10 on Monday, reaching $38.57. The stock had a trading volume of 544,313 shares, compared to its average volume of 706,479. Capital Group Dividend Growers ETF has a fifty-two week low of $33.67 and a fifty-two week high of $39.15. The firm has a 50-day moving average of $38.24 and a 200-day moving average of $37.42. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 20.18 and a beta of 0.49.

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.