Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Short Interest Update

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 48,918 shares, a drop of 82.9% from the April 30th total of 285,558 shares. Based on an average trading volume of 256,899 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Capital Group Conservative Equity ETF Trading Up 0.0%

Capital Group Conservative Equity ETF stock opened at $32.17 on Thursday. Capital Group Conservative Equity ETF has a twelve month low of $27.40 and a twelve month high of $32.31. The stock has a 50 day moving average of $30.95 and a two-hundred day moving average of $30.90. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 23.69 and a beta of 0.69.

Institutional Trading of Capital Group Conservative Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank lifted its holdings in shares of Capital Group Conservative Equity ETF by 156.4% in the 3rd quarter. Comerica Bank now owns 905 shares of the company’s stock valued at $27,000 after buying an additional 552 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of Capital Group Conservative Equity ETF in the 4th quarter valued at approximately $28,000. Sunbelt Securities Inc. acquired a new stake in shares of Capital Group Conservative Equity ETF in the 3rd quarter valued at approximately $30,000. IAG Wealth Partners LLC acquired a new stake in shares of Capital Group Conservative Equity ETF in the 1st quarter valued at approximately $37,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in shares of Capital Group Conservative Equity ETF in the 3rd quarter valued at approximately $38,000.

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.