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

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 143,756 shares, a decrease of 52.6% from the June 30th total of 303,069 shares. Based on an average daily volume of 418,774 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Capital Group Conservative Equity ETF Trading Up 0.5%

Shares of CGCV traded up $0.18 during mid-day trading on Thursday, reaching $33.13. 355,661 shares of the stock traded hands, compared to its average volume of 338,599. The firm has a fifty day moving average price of $32.57 and a 200 day moving average price of $31.60. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 23.69 and a beta of 0.65. Capital Group Conservative Equity ETF has a 1 year low of $28.62 and a 1 year high of $33.48.

Hedge Funds Weigh In On Capital Group Conservative Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in CGCV. EverSource Wealth Advisors LLC increased its position in shares of Capital Group Conservative Equity ETF by 26.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,613 shares of the company’s stock valued at $49,000 after acquiring an additional 338 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of Capital Group Conservative Equity ETF by 1.9% during the third quarter. Advisory Services Network LLC now owns 24,870 shares of the company’s stock valued at $749,000 after buying an additional 456 shares during the last quarter. Comerica Bank grew its stake in shares of 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 during the last quarter. A&I Financial Services LLC raised its holdings in shares of Capital Group Conservative Equity ETF by 3.7% in the fourth quarter. A&I Financial Services LLC now owns 18,757 shares of the company’s stock worth $572,000 after buying an additional 675 shares during the period. Finally, OneAscent Financial Services LLC raised its holdings in shares of Capital Group Conservative Equity ETF by 9.6% in the fourth quarter. OneAscent Financial Services LLC now owns 9,505 shares of the company’s stock worth $290,000 after buying an additional 833 shares during the period.

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.