Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Short Interest Down 53.3% in August

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 268,278 shares, a drop of 53.3% from the July 30th total of 575,070 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 516,754 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Capital Group Dividend Growers ETF

A number of large investors have recently made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Capital Group Dividend Growers ETF in the 4th quarter worth approximately $25,000. CoreCap Advisors LLC raised its stake in Capital Group Dividend Growers ETF by 1,458.3% during the 2nd quarter. CoreCap Advisors LLC now owns 748 shares of the company’s stock valued at $28,000 after purchasing an additional 700 shares during the period. Ancora Advisors LLC purchased a new position in shares of Capital Group Dividend Growers ETF during the third quarter valued at $48,000. Pinnacle Bancorp Inc. purchased a new position in shares of Capital Group Dividend Growers ETF during the first quarter valued at $50,000. Finally, CX Institutional boosted its position in Capital Group Dividend Growers ETF by 121.3% during the 2nd quarter. CX Institutional now owns 1,737 shares of the company’s stock worth $65,000 after acquiring an additional 952 shares during the period.

Capital Group Dividend Growers ETF Price Performance

NYSEARCA CGDG traded down $0.10 on Friday, hitting $38.67. 1,196,276 shares of the company were exchanged, compared to its average volume of 707,460. Capital Group Dividend Growers ETF has a twelve month low of $33.67 and a twelve month high of $39.15. The firm has a market capitalization of $5.57 billion, a P/E ratio of 20.18 and a beta of 0.49. The company’s 50 day moving average price is $38.24 and its 200-day moving average price is $37.42.

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.