Capital Group Dividend Value ETF (NYSEARCA:CGDV) Short Interest Up 90.5% in June

Capital Group Dividend Value ETF (NYSEARCA:CGDV) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,243,096 shares, an increase of 90.5% from the May 31st total of 652,565 shares. Based on an average trading volume of 3,764,032 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC raised its position in Capital Group Dividend Value ETF by 20.7% in the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock valued at $2,770,731,000 after buying an additional 10,904,954 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in Capital Group Dividend Value ETF by 448.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock valued at $153,613,000 after acquiring an additional 2,878,723 shares in the last quarter. Raymond James Financial Inc. boosted its position in Capital Group Dividend Value ETF by 14.3% during the 3rd quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock worth $929,942,000 after acquiring an additional 2,772,053 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Capital Group Dividend Value ETF by 20.1% during the 4th quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock worth $711,822,000 after acquiring an additional 2,729,408 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Capital Group Dividend Value ETF by 20.4% during the 3rd quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after acquiring an additional 2,688,496 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV traded down $0.09 on Wednesday, reaching $49.19. The company had a trading volume of 4,136,532 shares, compared to its average volume of 4,564,734. The firm has a market capitalization of $35.48 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1-year low of $39.50 and a 1-year high of $49.43. The company’s fifty day moving average is $47.82 and its 200-day moving average is $45.53.

Capital Group Dividend Value ETF Company Profile

The Capital Group Dividend Value ETF (CGDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in stocks of dividend-paying, large- and mid-cap US companies. The fund seeks to produce income exceeding the average yield on US stocks. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.