Short Interest in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Rises By 97.4%

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 368,100 shares, a growth of 97.4% from the August 31st total of 186,500 shares. Based on an average trading volume of 654,100 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 654,100 shares, the short-interest ratio is currently 0.6 days.

Capital Group Dividend Growers ETF Stock Performance

Capital Group Dividend Growers ETF stock opened at $35.03 on Tuesday. The stock has a 50-day simple moving average of $34.18 and a 200-day simple moving average of $32.84. The company has a market capitalization of $3.45 billion, a P/E ratio of 20.18 and a beta of 0.82. Capital Group Dividend Growers ETF has a fifty-two week low of $27.62 and a fifty-two week high of $35.08.

Capital Group Dividend Growers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were paid a dividend of $0.149 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Venture Visionary Partners LLC lifted its position in Capital Group Dividend Growers ETF by 64.3% during the 3rd quarter. Venture Visionary Partners LLC now owns 31,102 shares of the company’s stock worth $1,078,000 after acquiring an additional 12,168 shares during the period. Osaic Holdings Inc. increased its stake in Capital Group Dividend Growers ETF by 66.8% in the 2nd quarter. Osaic Holdings Inc. now owns 668,976 shares of the company’s stock valued at $22,382,000 after buying an additional 268,011 shares during the period. Centaurus Financial Inc. increased its stake in Capital Group Dividend Growers ETF by 11.3% in the 2nd quarter. Centaurus Financial Inc. now owns 6,331 shares of the company’s stock valued at $213,000 after buying an additional 642 shares during the period. Orion Porfolio Solutions LLC raised its position in Capital Group Dividend Growers ETF by 0.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 138,630 shares of the company’s stock worth $4,662,000 after buying an additional 1,142 shares during the last quarter. Finally, Nautilus Advisors LLC boosted its holdings in shares of Capital Group Dividend Growers ETF by 13.0% in the second quarter. Nautilus Advisors LLC now owns 52,276 shares of the company’s stock valued at $1,758,000 after acquiring an additional 6,030 shares in the last quarter.

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.