Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Short Interest Update

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 58,332 shares, a decrease of 71.4% from the January 15th total of 204,147 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 315,707 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 315,707 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Capital Group Conservative Equity ETF Stock Performance

Shares of NYSEARCA CGCV traded up $0.09 during midday trading on Friday, hitting $31.66. The company’s stock had a trading volume of 336,793 shares, compared to its average volume of 390,653. Capital Group Conservative Equity ETF has a 1-year low of $23.93 and a 1-year high of $31.95. The firm’s fifty day moving average price is $30.93 and its 200-day moving average price is $30.23. The firm has a market cap of $1.43 billion, a P/E ratio of 23.69 and a beta of 0.72.

Capital Group Conservative Equity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a dividend of $0.1383 per share. This represents a $0.55 annualized dividend and a dividend yield of 1.7%. This is a boost from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, December 26th.

Institutional Trading of Capital Group Conservative Equity ETF

Hedge funds have recently made changes to their positions in the stock. Comerica Bank boosted its stake in Capital Group Conservative Equity ETF by 156.4% during the third quarter. Comerica Bank now owns 905 shares of the company’s stock valued at $27,000 after buying an additional 552 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in Capital Group Conservative Equity ETF during the 4th quarter valued at $28,000. Sunbelt Securities Inc. purchased a new stake in Capital Group Conservative Equity ETF in the 3rd quarter worth about $30,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Capital Group Conservative Equity ETF in the third quarter worth approximately $38,000. Finally, NewEdge Advisors LLC purchased a new stake in Capital Group Conservative Equity ETF in the 1st quarter worth approximately $42,000.

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.