Capital Group Dividend Value ETF (NYSEARCA:CGDV) Short Interest Update

Capital Group Dividend Value ETF (NYSEARCA:CGDV) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 652,565 shares, a decrease of 73.8% from the May 14th total of 2,490,574 shares. Based on an average trading volume of 3,597,843 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Capital Group Dividend Value ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Pflug Koory LLC purchased a new position in Capital Group Dividend Value ETF during the 4th quarter valued at about $25,000. Triumph Capital Management purchased a new position in Capital Group Dividend Value ETF during the 3rd quarter valued at about $32,000. Bay Harbor Wealth Management LLC purchased a new position in Capital Group Dividend Value ETF during the 4th quarter valued at about $32,000. Tucker Asset Management LLC purchased a new position in Capital Group Dividend Value ETF during the 4th quarter valued at about $32,000. Finally, Flagship Wealth Advisors LLC purchased a new position in Capital Group Dividend Value ETF during the 4th quarter valued at about $32,000.

Capital Group Dividend Value ETF Trading Up 0.7%

Shares of CGDV stock traded up $0.32 during midday trading on Friday, reaching $48.55. 3,577,980 shares of the stock were exchanged, compared to its average volume of 4,635,872. Capital Group Dividend Value ETF has a 1 year low of $38.00 and a 1 year high of $49.10. The company’s 50 day moving average is $46.74 and its two-hundred day moving average is $45.07. The firm has a market cap of $35.01 billion, a PE ratio of 26.59 and a beta of 0.89.

About Capital Group Dividend Value ETF

The Capital Group Dividend Value ETF (CGDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in stocks of dividend-paying, large- and mid-cap US companies. The fund seeks to produce income exceeding the average yield on US stocks. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.