Short Interest in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Drops By 46.6%

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 150,846 shares, a decrease of 46.6% from the December 15th total of 282,408 shares. Based on an average daily volume of 473,265 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 473,265 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Capital Group Conservative Equity ETF

Institutional investors have recently modified their holdings of the company. Comerica Bank increased its position in shares of Capital Group Conservative Equity ETF by 156.4% during the third quarter. Comerica Bank now owns 905 shares of the company’s stock valued at $27,000 after purchasing an additional 552 shares during the period. Sunbelt Securities Inc. acquired a new stake in Capital Group Conservative Equity ETF during the third quarter worth $30,000. Geneos Wealth Management Inc. bought a new stake in Capital Group Conservative Equity ETF in the 1st quarter valued at $31,000. EverSource Wealth Advisors LLC acquired a new position in shares of Capital Group Conservative Equity ETF in the 3rd quarter valued at $38,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Capital Group Conservative Equity ETF in the 1st quarter valued at $42,000.

Capital Group Conservative Equity ETF Stock Up 0.4%

NYSEARCA CGCV traded up $0.13 during midday trading on Thursday, hitting $31.19. The company had a trading volume of 347,970 shares, compared to its average volume of 452,297. The firm has a fifty day simple moving average of $30.48 and a two-hundred day simple moving average of $29.89. Capital Group Conservative Equity ETF has a fifty-two week low of $23.93 and a fifty-two week high of $31.30. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 23.69 and a beta of 0.72.

Capital Group Conservative Equity ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a $0.1383 dividend. This is a positive change from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.55 annualized dividend and a yield of 1.8%.

About Capital Group Conservative Equity ETF

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.