Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Short Interest Down 73.8% in February

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 222,760 shares, a drop of 73.8% from the February 12th total of 851,111 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,216,198 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 1,216,198 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Capital International Investors grew its stake in shares of Capital Group Dividend Growers ETF by 0.8% in the fourth quarter. Capital International Investors now owns 17,255,942 shares of the company’s stock valued at $615,002,000 after buying an additional 140,767 shares in the last quarter. LPL Financial LLC lifted its stake in Capital Group Dividend Growers ETF by 25.0% during the 4th quarter. LPL Financial LLC now owns 9,651,113 shares of the company’s stock worth $343,966,000 after acquiring an additional 1,929,512 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Capital Group Dividend Growers ETF by 37.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 8,036,810 shares of the company’s stock valued at $278,475,000 after acquiring an additional 2,194,089 shares during the period. Advance Capital Management Inc. boosted its holdings in Capital Group Dividend Growers ETF by 2.4% during the 4th quarter. Advance Capital Management Inc. now owns 5,373,945 shares of the company’s stock valued at $191,527,000 after acquiring an additional 124,692 shares during the period. Finally, Capital Group Private Client Services Inc. grew its position in Capital Group Dividend Growers ETF by 9.8% in the 4th quarter. Capital Group Private Client Services Inc. now owns 5,180,776 shares of the company’s stock valued at $184,643,000 after acquiring an additional 461,101 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Performance

Shares of Capital Group Dividend Growers ETF stock traded up $0.20 on Friday, reaching $36.15. The company had a trading volume of 76,111 shares, compared to its average volume of 885,847. The firm’s 50 day moving average price is $36.90 and its two-hundred day moving average price is $35.64. The firm has a market cap of $4.36 billion, a PE ratio of 20.18 and a beta of 0.56. Capital Group Dividend Growers ETF has a 52-week low of $27.62 and a 52-week high of $38.00.

Capital Group Dividend Growers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a $0.1841 dividend. This is a boost from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, December 26th. This represents a $0.74 annualized dividend and a 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.