Short Interest in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Expands By 273.7%

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 251,702 shares, an increase of 273.7% from the August 15th total of 67,362 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 309,759 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On Capital Group Conservative Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Midwest Heritage Bank FSB raised its stake in shares of Capital Group Conservative Equity ETF by 54.8% during the first quarter. Midwest Heritage Bank FSB now owns 221,670 shares of the company’s stock valued at $6,608,000 after acquiring an additional 78,458 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Capital Group Conservative Equity ETF by 279.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 680,465 shares of the company’s stock worth $20,747,000 after purchasing an additional 501,245 shares during the period. RM Financial Services LLC bought a new stake in shares of Capital Group Conservative Equity ETF in the fourth quarter worth $8,596,000. Valmark Advisers Inc. grew its stake in shares of Capital Group Conservative Equity ETF by 20.0% in the first quarter. Valmark Advisers Inc. now owns 280,706 shares of the company’s stock worth $8,368,000 after purchasing an additional 46,735 shares during the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in Capital Group Conservative Equity ETF in the fourth quarter valued at $1,082,000.

Capital Group Conservative Equity ETF Stock Performance

Shares of Capital Group Conservative Equity ETF stock traded up $0.18 on Friday, hitting $32.74. The stock had a trading volume of 154,050 shares, compared to its average volume of 325,341. The stock has a 50 day moving average of $33.20 and a 200 day moving average of $32.04. Capital Group Conservative Equity ETF has a twelve month low of $29.26 and a twelve month high of $33.97. The firm has a market capitalization of $1.94 billion, a P/E ratio of 23.69 and a beta of 0.64.

Capital Group Conservative Equity ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were given a dividend of $0.1187 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.47 annualized dividend and a yield of 1.5%.

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.