Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Short Interest Up 116.3% in February

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 126,149 shares, an increase of 116.3% from the January 29th total of 58,332 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 404,063 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 404,063 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

Capital Group Conservative Equity ETF Stock Performance

Shares of NYSEARCA:CGCV traded down $0.09 during trading on Friday, hitting $31.71. 15,050 shares of the stock were exchanged, compared to its average volume of 362,500. Capital Group Conservative Equity ETF has a 1-year low of $23.93 and a 1-year high of $31.95. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 23.69 and a beta of 0.72. The company’s fifty day simple moving average is $31.16 and its 200-day simple moving average is $30.39.

Capital Group Conservative Equity ETF Increases Dividend

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

Hedge Funds Weigh In On Capital Group Conservative Equity ETF

Hedge funds have recently made changes to their positions in the business. Capital International Investors lifted its holdings in shares of Capital Group Conservative Equity ETF by 15,171.6% during the 3rd quarter. Capital International Investors now owns 9,857,523 shares of the company’s stock worth $296,810,000 after acquiring an additional 9,792,975 shares during the period. LPL Financial LLC raised its position in Capital Group Conservative Equity ETF by 53.9% in the fourth quarter. LPL Financial LLC now owns 3,942,987 shares of the company’s stock worth $120,222,000 after purchasing an additional 1,380,934 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Capital Group Conservative Equity ETF by 178.8% during the third quarter. Envestnet Asset Management Inc. now owns 1,581,240 shares of the company’s stock worth $47,611,000 after purchasing an additional 1,014,040 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Capital Group Conservative Equity ETF by 502.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,079,169 shares of the company’s stock worth $32,904,000 after purchasing an additional 899,949 shares during the period. Finally, Capital Group Private Client Services Inc. boosted its holdings in Capital Group Conservative Equity ETF by 33.8% during the third quarter. Capital Group Private Client Services Inc. now owns 3,279,603 shares of the company’s stock valued at $98,749,000 after purchasing an additional 828,056 shares in the last quarter.

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.