Capital Group Dividend Value ETF (NYSEARCA:CGDV) Short Interest Up 99.7% in July

Capital Group Dividend Value ETF (NYSEARCA:CGDV) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,199,430 shares, an increase of 99.7% from the July 15th total of 600,517 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 3,972,483 shares, the short-interest ratio is currently 0.3 days.

Capital Group Dividend Value ETF Stock Down 0.7%

Shares of CGDV stock traded down $0.36 on Friday, reaching $51.08. 2,866,759 shares of the stock were exchanged, compared to its average volume of 4,417,289. The stock has a market cap of $38.74 billion, a P/E ratio of 26.59 and a beta of 0.88. The firm has a 50 day moving average of $49.29 and a two-hundred day moving average of $46.82. Capital Group Dividend Value ETF has a 1-year low of $40.64 and a 1-year high of $51.63.

Hedge Funds Weigh In On Capital Group Dividend Value ETF

Large investors have recently modified their holdings of the company. CoreCap Advisors LLC increased its position in Capital Group Dividend Value ETF by 19.5% during the 2nd quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock worth $66,000 after purchasing an additional 218 shares in the last quarter. Berger Financial Group Inc grew its stake in Capital Group Dividend Value ETF by 3.1% during the first quarter. Berger Financial Group Inc now owns 7,519 shares of the company’s stock worth $320,000 after buying an additional 224 shares during the period. Clark Capital Management Group Inc. increased its position in shares of Capital Group Dividend Value ETF by 2.4% in the third quarter. Clark Capital Management Group Inc. now owns 9,984 shares of the company’s stock worth $420,000 after acquiring an additional 238 shares in the last quarter. Cim LLC raised its stake in shares of Capital Group Dividend Value ETF by 2.3% in the 3rd quarter. Cim LLC now owns 11,280 shares of the company’s stock valued at $474,000 after acquiring an additional 250 shares during the period. Finally, Warner Financial Inc. lifted its holdings in shares of Capital Group Dividend Value ETF by 1.1% during the 2nd quarter. Warner Financial Inc. now owns 23,487 shares of the company’s stock valued at $1,157,000 after acquiring an additional 263 shares in the last quarter.

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.