Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Sees Large Increase in Short Interest

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 625,658 shares, an increase of 163.7% from the September 15th total of 237,277 shares. Based on an average daily trading volume, of 669,218 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Trading of Capital Group Dividend Growers ETF

Large investors have recently bought and sold shares of the stock. Cetera Investment Advisers raised its holdings in shares of Capital Group Dividend Growers ETF by 20.1% in the first quarter. Cetera Investment Advisers now owns 3,870,449 shares of the company’s stock worth $138,949,000 after buying an additional 648,834 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Capital Group Dividend Growers ETF by 11.5% during the first quarter. Royal Bank of Canada now owns 2,597,678 shares of the company’s stock worth $93,258,000 after buying an additional 266,980 shares during the period. Valmark Advisers Inc. lifted its stake in shares of Capital Group Dividend Growers ETF by 186.1% during the first quarter. Valmark Advisers Inc. now owns 2,079,344 shares of the company’s stock worth $74,648,000 after buying an additional 1,352,510 shares during the period. MML Investors Services LLC lifted its stake in shares of Capital Group Dividend Growers ETF by 16.7% during the fourth quarter. MML Investors Services LLC now owns 1,516,279 shares of the company’s stock worth $54,040,000 after buying an additional 216,602 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Capital Group Dividend Growers ETF by 36.5% during the first quarter. Sei Investments Co. now owns 1,188,191 shares of the company’s stock worth $42,656,000 after buying an additional 317,794 shares during the period.

Capital Group Dividend Growers ETF Stock Performance

NYSEARCA:CGDG traded up $0.04 during mid-day trading on Monday, hitting $37.41. 284,265 shares of the company’s stock traded hands, compared to its average volume of 699,692. The company has a fifty day moving average of $38.23 and a 200 day moving average of $37.62. Capital Group Dividend Growers ETF has a twelve month low of $34.20 and a twelve month high of $39.15. The company has a market capitalization of $5.70 billion, a P/E ratio of 20.18 and a beta of 0.50.

Capital Group Dividend Growers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were issued a $0.1611 dividend. This is a drop from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865. This represents a $0.64 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 30th.

Capital Group Dividend Growers ETF Company Profile

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.