Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Short Interest Up 551.9% in February

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 851,111 shares, an increase of 551.9% from the January 29th total of 130,553 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 802,215 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 802,215 shares, the short-interest ratio is presently 1.1 days. Approximately 0.7% of the shares of the company are short sold.

Hedge Funds Weigh In On Capital Group Dividend Growers ETF

A number of institutional investors and hedge funds have recently bought and sold shares of CGDG. Bond & Devick Financial Network Inc. boosted its holdings in Capital Group Dividend Growers ETF by 3.4% in the 4th quarter. Bond & Devick Financial Network Inc. now owns 8,521 shares of the company’s stock valued at $304,000 after purchasing an additional 284 shares during the period. Concorde Asset Management LLC grew its position in Capital Group Dividend Growers ETF by 3.9% during the fourth quarter. Concorde Asset Management LLC now owns 7,944 shares of the company’s stock worth $283,000 after buying an additional 295 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its position in Capital Group Dividend Growers ETF by 2.3% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 13,787 shares of the company’s stock worth $491,000 after buying an additional 307 shares in the last quarter. Lodestone Wealth Management LLC increased its stake in Capital Group Dividend Growers ETF by 2.2% during the fourth quarter. Lodestone Wealth Management LLC now owns 15,453 shares of the company’s stock valued at $551,000 after acquiring an additional 327 shares during the period. Finally, Titleist Asset Management LLC lifted its position in shares of Capital Group Dividend Growers ETF by 4.7% in the 4th quarter. Titleist Asset Management LLC now owns 11,035 shares of the company’s stock worth $393,000 after acquiring an additional 495 shares during the period.

Capital Group Dividend Growers ETF Trading Down 0.6%

CGDG traded down $0.22 during trading on Thursday, hitting $37.74. The stock had a trading volume of 256,551 shares, compared to its average volume of 933,804. The firm has a market cap of $4.55 billion, a PE ratio of 20.18 and a beta of 0.56. Capital Group Dividend Growers ETF has a 12 month low of $27.62 and a 12 month high of $38.00. The company has a 50 day simple moving average of $36.67 and a 200-day simple moving average of $35.43.

Capital Group Dividend Growers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a $0.1841 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.74 annualized dividend and a yield of 2.0%. This is an increase from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15.

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.