Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Short Interest Update

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 126,149 shares, a growth of 116.3% from the January 29th total of 58,332 shares. Based on an average trading volume of 404,063 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 404,063 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Comerica Bank increased its stake in Capital Group Conservative Equity ETF by 156.4% in the 3rd quarter. Comerica Bank now owns 905 shares of the company’s stock worth $27,000 after acquiring an additional 552 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in Capital Group Conservative Equity ETF during the fourth quarter valued at approximately $28,000. Sunbelt Securities Inc. bought a new stake in shares of Capital Group Conservative Equity ETF in the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC bought a new position in shares of Capital Group Conservative Equity ETF during the 3rd quarter valued at $38,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Capital Group Conservative Equity ETF in the first quarter worth about $42,000.

Capital Group Conservative Equity ETF Stock Up 0.3%

Shares of NYSEARCA:CGCV traded up $0.10 during midday trading on Friday, reaching $31.90. 267,072 shares of the company traded hands, compared to its average volume of 369,340. Capital Group Conservative Equity ETF has a 12 month low of $23.93 and a 12 month high of $31.95. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 23.69 and a beta of 0.72. The firm’s fifty day moving average price is $31.18 and its two-hundred day moving average price is $30.42.

Capital Group Conservative Equity ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a dividend of $0.1383 per share. This is an increase from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09. This represents a $0.55 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, December 26th.

About Capital Group Conservative Equity ETF

The Capital Group Conservative Equity ETF (CGCV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking total returns through investments in North American companies. CGCV was launched on Jun 25, 2024 and is issued by Capital Group.