Conductor Global Equity Value ETF (NYSE:CGV) Sees Significant Drop in Short Interest

Conductor Global Equity Value ETF (NYSE:CGV) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 31,790 shares, a decline of 60.1% from the September 15th total of 79,641 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 16,335 shares, the days-to-cover ratio is currently 1.9 days.

Conductor Global Equity Value ETF Price Performance

Shares of Conductor Global Equity Value ETF stock traded down $0.16 on Wednesday, hitting $15.71. 2,792 shares of the company’s stock traded hands, compared to its average volume of 22,407. The firm’s 50-day moving average price is $16.05 and its two-hundred day moving average price is $15.97. The stock has a market capitalization of $136.05 million, a PE ratio of 29.64 and a beta of 0.54. Conductor Global Equity Value ETF has a one year low of $14.17 and a one year high of $17.06.

Conductor Global Equity Value ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Tuesday, September 29th were issued a dividend of $0.0847 per share. The ex-dividend date was Tuesday, September 29th. This is a negative change from Conductor Global Equity Value ETF’s previous quarterly dividend of $0.1719. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.2%. Conductor Global Equity Value ETF’s dividend payout ratio (DPR) is 150.94%.

Conductor Global Equity Value ETF Company Profile

The Conductor Global Equity Value ETF (CGV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of equity securities issued by companies globally, that exhibit value characteristics. Holdings are selected using technical, fundamental, and quantitative analyses. CGV was launched on Aug 1, 2022 and is managed by Conductor Fund.