Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Short Interest Up 574.8% in June

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 979,565 shares, an increase of 574.8% from the May 31st total of 145,173 shares. Based on an average trading volume of 614,523 shares, the short-interest ratio is currently 1.6 days. Currently, 0.7% of the company’s shares are sold short.

Institutional Trading of Capital Group Dividend Growers ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Capital Group Dividend Growers ETF during the 4th quarter worth approximately $25,000. Ameriflex Group Inc. acquired a new stake in shares of Capital Group Dividend Growers ETF in the third quarter valued at approximately $33,000. Ancora Advisors LLC acquired a new stake in shares of Capital Group Dividend Growers ETF in the third quarter valued at approximately $48,000. Pinnacle Bancorp Inc. bought a new stake in shares of Capital Group Dividend Growers ETF in the first quarter worth $50,000. Finally, Strategic Investment Solutions Inc. IL grew its position in Capital Group Dividend Growers ETF by 35.8% in the third quarter. Strategic Investment Solutions Inc. IL now owns 2,238 shares of the company’s stock valued at $78,000 after purchasing an additional 590 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Up 0.3%

Shares of CGDG traded up $0.13 on Friday, hitting $37.68. The company’s stock had a trading volume of 183,481 shares, compared to its average volume of 748,506. The firm’s fifty day moving average price is $37.29 and its 200-day moving average price is $36.74. Capital Group Dividend Growers ETF has a fifty-two week low of $32.90 and a fifty-two week high of $38.09. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50.

About Capital Group Dividend Growers ETF

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.