Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Stock Short Interest Drops 53.4%

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the target of a large decrease in short interest in October. As of October 30th, there was short interest totaling 115,877 shares, a decrease of 53.4% from the October 15th total of 248,655 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 275,747 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Latitude Advisors LLC bought a new stake in Capital Group Conservative Equity ETF during the 3rd quarter worth $31,000. Silver Grove Financial Group Inc. raised its position in Capital Group Conservative Equity ETF by 84.1% in the third quarter. Silver Grove Financial Group Inc. now owns 1,585 shares of the company’s stock valued at $51,000 after purchasing an additional 724 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Capital Group Conservative Equity ETF by 106.6% in the first quarter. Geneos Wealth Management Inc. now owns 1,884 shares of the company’s stock valued at $56,000 after purchasing an additional 972 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Capital Group Conservative Equity ETF by 31.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock valued at $63,000 after purchasing an additional 500 shares in the last quarter. Finally, Signature Equity Partners LLC acquired a new stake in shares of Capital Group Conservative Equity ETF during the third quarter valued at about $68,000.

Capital Group Conservative Equity ETF Trading Down 0.2%

NYSEARCA:CGCV traded down $0.06 on Friday, hitting $33.77. The company had a trading volume of 659,427 shares, compared to its average volume of 353,333. Capital Group Conservative Equity ETF has a 52 week low of $29.26 and a 52 week high of $34.13. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 24.02 and a beta of 0.63. The firm has a 50 day moving average of $32.95 and a two-hundred day moving average of $32.19.

Capital Group Conservative Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.1268 per share. This represents a $0.51 annualized dividend and a dividend yield of 1.5%. This is a boost from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.1187. The ex-dividend date was Wednesday, September 30th.

Capital Group Conservative Equity ETF Company Profile

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.