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

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 82,284 shares, a growth of 68.2% from the May 14th total of 48,918 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 269,366 shares, the short-interest ratio is currently 0.3 days.

Capital Group Conservative Equity ETF Trading Down 0.0%

Shares of CGCV traded down $0.01 during mid-day trading on Tuesday, hitting $32.46. The company’s stock had a trading volume of 293,958 shares, compared to its average volume of 323,820. The company’s 50-day moving average is $31.53 and its 200-day moving average is $31.09. Capital Group Conservative Equity ETF has a 52-week low of $27.86 and a 52-week high of $32.62. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 23.69 and a beta of 0.67.

Institutional Investors Weigh In On Capital Group Conservative Equity ETF

A number of institutional investors have recently added to or reduced their stakes in CGCV. Capital International Investors boosted its holdings in shares of Capital Group Conservative Equity ETF by 0.7% in the 4th quarter. Capital International Investors now owns 9,928,478 shares of the company’s stock valued at $302,719,000 after buying an additional 70,955 shares in the last quarter. LPL Financial LLC lifted its position in Capital Group Conservative Equity ETF by 53.9% during the fourth quarter. LPL Financial LLC now owns 3,942,987 shares of the company’s stock valued at $120,222,000 after acquiring an additional 1,380,934 shares during the last quarter. Capital Group Private Client Services Inc. lifted its position in Capital Group Conservative Equity ETF by 13.8% during the fourth quarter. Capital Group Private Client Services Inc. now owns 3,732,528 shares of the company’s stock valued at $113,805,000 after acquiring an additional 452,925 shares during the last quarter. Raymond James Financial Inc. boosted its stake in Capital Group Conservative Equity ETF by 36.7% in the third quarter. Raymond James Financial Inc. now owns 1,909,889 shares of the company’s stock valued at $57,507,000 after acquiring an additional 512,552 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Capital Group Conservative Equity ETF by 502.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,079,169 shares of the company’s stock valued at $32,904,000 after acquiring an additional 899,949 shares in the last quarter.

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.