Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Sees Large Increase in Short Interest

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 625,658 shares, a growth of 163.7% from the September 15th total of 237,277 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 669,218 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On Capital Group Dividend Growers ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers lifted its position in Capital Group Dividend Growers ETF by 20.1% during the first quarter. Cetera Investment Advisers now owns 3,870,449 shares of the company’s stock valued at $138,949,000 after acquiring an additional 648,834 shares during the last quarter. Royal Bank of Canada grew its holdings in Capital Group Dividend Growers ETF by 11.5% in the first quarter. Royal Bank of Canada now owns 2,597,678 shares of the company’s stock worth $93,258,000 after purchasing an additional 266,980 shares during the last quarter. Valmark Advisers Inc. grew its holdings in Capital Group Dividend Growers ETF by 186.1% in the first quarter. Valmark Advisers Inc. now owns 2,079,344 shares of the company’s stock worth $74,648,000 after purchasing an additional 1,352,510 shares during the last quarter. MML Investors Services LLC increased its position in shares of Capital Group Dividend Growers ETF by 16.7% during the fourth quarter. MML Investors Services LLC now owns 1,516,279 shares of the company’s stock worth $54,040,000 after purchasing an additional 216,602 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Capital Group Dividend Growers ETF by 36.5% during the first quarter. Sei Investments Co. now owns 1,188,191 shares of the company’s stock worth $42,656,000 after purchasing an additional 317,794 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Up 0.1%

NYSEARCA:CGDG traded up $0.04 during midday trading on Monday, hitting $37.41. The stock had a trading volume of 284,265 shares, compared to its average volume of 699,692. Capital Group Dividend Growers ETF has a one year low of $34.20 and a one year high of $39.15. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50. The stock has a 50-day moving average of $38.23 and a 200 day moving average of $37.62.

Capital Group Dividend Growers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were given a dividend of $0.1611 per share. This is a drop from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.7%.

Capital Group Dividend Growers ETF Company Profile

The Capital Group Dividend Growers ETF (CGDG) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects dividend-paying companies globally that are attractively valued and believed to provide dividend growth. It employs a multi-manager approach to portfolio management. CGDG was launched on Sep 26, 2023 and is issued by Capital Group.