Short Interest in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Increases By 630.1%

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 205,440 shares, a growth of 630.1% from the March 31st total of 28,140 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 324,177 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Capital Group Conservative Equity ETF by 26.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,613 shares of the company’s stock worth $49,000 after acquiring an additional 338 shares during the last quarter. Advisory Services Network LLC lifted its stake in Capital Group Conservative Equity ETF by 1.9% during the third quarter. Advisory Services Network LLC now owns 24,870 shares of the company’s stock worth $749,000 after purchasing an additional 456 shares during the last quarter. Main Line Retirement Advisors LLC boosted its holdings in shares of Capital Group Conservative Equity ETF by 3.5% in the 3rd quarter. Main Line Retirement Advisors LLC now owns 15,984 shares of the company’s stock worth $481,000 after purchasing an additional 545 shares in the last quarter. Comerica Bank increased its position in shares of Capital Group Conservative Equity ETF by 156.4% during the 3rd quarter. Comerica Bank now owns 905 shares of the company’s stock valued at $27,000 after purchasing an additional 552 shares during the last quarter. Finally, A&I Financial Services LLC increased its position in shares of Capital Group Conservative Equity ETF by 3.7% during the 4th quarter. A&I Financial Services LLC now owns 18,757 shares of the company’s stock valued at $572,000 after purchasing an additional 675 shares during the last quarter.

Capital Group Conservative Equity ETF Stock Performance

Shares of CGCV stock opened at $31.20 on Friday. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 23.69 and a beta of 0.78. Capital Group Conservative Equity ETF has a 52 week low of $25.98 and a 52 week high of $31.96. The firm’s 50-day simple moving average is $30.81 and its two-hundred day simple moving average is $30.66.

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.