Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Short Interest Up 116.3% in February

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 126,149 shares, an increase of 116.3% from the January 29th total of 58,332 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 404,063 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 404,063 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Capital Group Conservative Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its position in Capital Group Conservative Equity ETF by 1,424.1% during the first quarter. Royal Bank of Canada now owns 10,623 shares of the company’s stock worth $288,000 after acquiring an additional 9,926 shares during the period. NewEdge Advisors LLC acquired a new stake in Capital Group Conservative Equity ETF in the 1st quarter worth $42,000. Jane Street Group LLC increased its holdings in shares of Capital Group Conservative Equity ETF by 742.1% during the 1st quarter. Jane Street Group LLC now owns 71,702 shares of the company’s stock worth $1,944,000 after purchasing an additional 63,187 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of Capital Group Conservative Equity ETF during the first quarter valued at about $31,000. Finally, D.A. Davidson & CO. lifted its stake in shares of Capital Group Conservative Equity ETF by 55.0% in the second quarter. D.A. Davidson & CO. now owns 17,875 shares of the company’s stock valued at $511,000 after buying an additional 6,340 shares during the period.

Capital Group Conservative Equity ETF Price Performance

Shares of NYSEARCA CGCV traded down $0.09 during trading hours on Friday, hitting $31.71. 15,050 shares of the company’s stock were exchanged, compared to its average volume of 362,500. Capital Group Conservative Equity ETF has a 1-year low of $23.93 and a 1-year high of $31.95. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 23.69 and a beta of 0.72. The company’s 50-day moving average price is $31.16 and its 200-day moving average price is $30.39.

Capital Group Conservative Equity 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 $0.1383 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.55 annualized dividend and a yield of 1.7%. This is an increase from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09.

Capital Group Conservative Equity ETF Company Profile

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.