Capital Group Conservative Equity ETF (NYSEARCA:CGCV – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 303,069 shares, a drop of 39.5% from the June 15th total of 501,167 shares. Based on an average daily trading volume, of 497,046 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.5% of the company’s stock are short sold.
Capital Group Conservative Equity ETF Stock Performance
NYSEARCA CGCV traded up $0.11 during trading on Thursday, hitting $33.01. The stock had a trading volume of 34,764 shares, compared to its average volume of 341,825. Capital Group Conservative Equity ETF has a 12 month low of $28.62 and a 12 month high of $33.16. The company’s 50-day moving average price is $32.30 and its two-hundred day moving average price is $31.42. The company has a market capitalization of $1.89 billion, a PE ratio of 23.69 and a beta of 0.65.
Institutional Trading of Capital Group Conservative Equity ETF
A number of institutional investors have recently made changes to their positions in CGCV. Comerica Bank grew its position in Capital Group Conservative Equity ETF by 156.4% in the third quarter. Comerica Bank now owns 905 shares of the company’s stock valued at $27,000 after purchasing an additional 552 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in Capital Group Conservative Equity ETF in the 4th quarter valued at $28,000. Sunbelt Securities Inc. bought a new stake in Capital Group Conservative Equity ETF during the 3rd quarter worth about $30,000. IAG Wealth Partners LLC bought a new stake in Capital Group Conservative Equity ETF during the 1st quarter worth about $37,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Capital Group Conservative Equity ETF during the 1st quarter worth about $42,000.
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.
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