Short Interest in Capital Group Dividend Value ETF (NYSEARCA:CGDV) Increases By 99.7%

Capital Group Dividend Value ETF (NYSEARCA:CGDV) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,199,430 shares, a growth of 99.7% from the July 15th total of 600,517 shares. Based on an average daily volume of 3,972,483 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Capital Group Dividend Value ETF Stock Down 0.7%

Shares of NYSEARCA:CGDV traded down $0.36 during trading on Friday, reaching $51.08. The stock had a trading volume of 2,866,759 shares, compared to its average volume of 4,417,289. The business has a fifty day moving average price of $49.29 and a 200-day moving average price of $46.82. The stock has a market cap of $38.74 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a fifty-two week low of $40.64 and a fifty-two week high of $51.63.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Flagship Wealth Advisors LLC purchased a new position in Capital Group Dividend Value ETF during the fourth quarter worth about $32,000. Bay Harbor Wealth Management LLC acquired a new position in shares of Capital Group Dividend Value ETF during the 4th quarter valued at about $32,000. Tucker Asset Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth about $32,000. Triumph Capital Management purchased a new position in shares of Capital Group Dividend Value ETF during the 3rd quarter worth about $32,000. Finally, TD Capital Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter worth approximately $34,000.

About Capital Group Dividend Value ETF

The Capital Group Dividend Value ETF (CGDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in stocks of dividend-paying, large- and mid-cap US companies. The fund seeks to produce income exceeding the average yield on US stocks. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.