Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Sees Large Decline in Short Interest

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 143,756 shares, a decline of 52.6% from the June 30th total of 303,069 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 418,774 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Capital Group Conservative Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CGCV. Comerica Bank increased its position in Capital Group Conservative Equity ETF by 156.4% in the 3rd quarter. Comerica Bank now owns 905 shares of the company’s stock worth $27,000 after buying an additional 552 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of Capital Group Conservative Equity ETF during the fourth quarter worth approximately $28,000. Sunbelt Securities Inc. bought a new stake in shares of Capital Group Conservative Equity ETF in the third quarter valued at approximately $30,000. IAG Wealth Partners LLC bought a new stake in shares of Capital Group Conservative Equity ETF in the first quarter valued at approximately $37,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Capital Group Conservative Equity ETF in the first quarter worth $42,000.

Capital Group Conservative Equity ETF Stock Performance

Shares of NYSEARCA:CGCV traded up $0.15 during midday trading on Tuesday, hitting $33.27. The company’s stock had a trading volume of 197,349 shares, compared to its average volume of 338,448. The stock’s 50 day simple moving average is $32.53 and its 200 day simple moving average is $31.57. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 23.69 and a beta of 0.65. Capital Group Conservative Equity ETF has a fifty-two week low of $28.62 and a fifty-two week high of $33.48.

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.