Capital Group Dividend Value ETF (NYSEARCA:CGDV) Short Interest Up 90.5% in June

Capital Group Dividend Value ETF (NYSEARCA:CGDV) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,243,096 shares, an increase of 90.5% from the May 31st total of 652,565 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 3,764,032 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its stake in shares of Capital Group Dividend Value ETF by 100.0% in the second quarter. Versant Capital Management Inc now owns 8,746 shares of the company’s stock worth $431,000 after purchasing an additional 4,373 shares in the last quarter. MTM Financial Group LLC raised its stake in shares of Capital Group Dividend Value ETF by 1.9% during the first quarter. MTM Financial Group LLC now owns 163,357 shares of the company’s stock valued at $6,949,000 after purchasing an additional 3,071 shares in the last quarter. Sapient Capital LLC raised its stake in shares of Capital Group Dividend Value ETF by 6.1% during the first quarter. Sapient Capital LLC now owns 7,795 shares of the company’s stock valued at $332,000 after purchasing an additional 450 shares in the last quarter. Western Wealth Management LLC raised its stake in shares of Capital Group Dividend Value ETF by 8.5% during the first quarter. Western Wealth Management LLC now owns 1,124,695 shares of the company’s stock valued at $47,845,000 after purchasing an additional 88,340 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Capital Group Dividend Value ETF by 5.4% in the first quarter. NewEdge Advisors LLC now owns 1,425,035 shares of the company’s stock worth $60,621,000 after purchasing an additional 73,645 shares during the period.

Capital Group Dividend Value ETF Price Performance

CGDV stock traded down $0.14 on Thursday, reaching $48.95. The company’s stock had a trading volume of 3,940,801 shares, compared to its average volume of 4,572,954. Capital Group Dividend Value ETF has a 52 week low of $39.76 and a 52 week high of $49.44. The company has a market capitalization of $36.43 billion, a P/E ratio of 26.59 and a beta of 0.88. The firm has a fifty day moving average of $47.88 and a two-hundred day moving average of $45.57.

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.