Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Sees Large Decrease in Short Interest

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 123,007 shares, a decline of 85.9% from the December 31st total of 870,636 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 864,791 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 864,791 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Capital Group Dividend Growers ETF

Several hedge funds have recently bought and sold shares of CGDG. Trust Co. of Vermont bought a new position in Capital Group Dividend Growers ETF during the 3rd quarter worth about $30,000. Ameriflex Group Inc. purchased a new stake in shares of Capital Group Dividend Growers ETF in the 3rd quarter worth approximately $33,000. Sittner & Nelson LLC bought a new position in shares of Capital Group Dividend Growers ETF during the second quarter valued at approximately $34,000. Ancora Advisors LLC bought a new position in shares of Capital Group Dividend Growers ETF during the third quarter valued at approximately $48,000. Finally, Strategic Investment Solutions Inc. IL raised its stake in Capital Group Dividend Growers ETF by 35.8% in the third quarter. Strategic Investment Solutions Inc. IL now owns 2,238 shares of the company’s stock worth $78,000 after buying an additional 590 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Up 0.3%

Capital Group Dividend Growers ETF stock traded up $0.12 during midday trading on Thursday, reaching $36.78. The stock had a trading volume of 992,075 shares, compared to its average volume of 888,362. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56. Capital Group Dividend Growers ETF has a 52-week low of $27.62 and a 52-week high of $36.96. The company has a fifty day moving average of $35.94 and a 200 day moving average of $34.94.

Capital Group Dividend Growers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a dividend of $0.1841 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15.

About Capital Group Dividend Growers ETF

The Capital Group Dividend Growers ETF (CGDG) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects dividend-paying companies globally that are attractively valued and believed to provide dividend growth. It employs a multi-manager approach to portfolio management. CGDG was launched on Sep 26, 2023 and is issued by Capital Group.