Short Interest in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Drops By 62.2%

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 99,130 shares, a decrease of 62.2% from the November 30th total of 262,092 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 663,844 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 663,844 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Capital Group Dividend Growers ETF

Several institutional investors and hedge funds have recently made changes to their positions in CGDG. Kestra Advisory Services LLC grew its position in Capital Group Dividend Growers ETF by 15.1% during the first quarter. Kestra Advisory Services LLC now owns 102,638 shares of the company’s stock worth $3,172,000 after buying an additional 13,454 shares in the last quarter. Comerica Bank lifted its position in shares of Capital Group Dividend Growers ETF by 1.0% during the 1st quarter. Comerica Bank now owns 50,022 shares of the company’s stock valued at $1,546,000 after acquiring an additional 493 shares during the period. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Capital Group Dividend Growers ETF during the 1st quarter worth $108,000. Baird Financial Group Inc. increased its position in shares of Capital Group Dividend Growers ETF by 139.2% in the first quarter. Baird Financial Group Inc. now owns 153,909 shares of the company’s stock worth $4,756,000 after purchasing an additional 89,553 shares during the period. Finally, Royal Bank of Canada raised its stake in Capital Group Dividend Growers ETF by 22.8% in the first quarter. Royal Bank of Canada now owns 1,237,364 shares of the company’s stock valued at $38,235,000 after purchasing an additional 229,656 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Down 0.3%

Capital Group Dividend Growers ETF stock traded down $0.11 during mid-day trading on Friday, hitting $35.93. 346,665 shares of the company’s stock were exchanged, compared to its average volume of 532,115. Capital Group Dividend Growers ETF has a fifty-two week low of $27.62 and a fifty-two week high of $36.07. The firm has a market capitalization of $3.70 billion, a P/E ratio of 20.18 and a beta of 0.56. The company’s 50 day simple moving average is $35.27 and its 200-day simple moving average is $34.44.

Capital Group Dividend Growers ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 26th will be given a dividend of $0.1841 per share. This is a positive change from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, December 26th. This represents a $0.74 annualized dividend and a dividend yield of 2.0%.

About Capital Group Dividend Growers ETF

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.