Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Short Interest Up 574.8% in June

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 979,565 shares, an increase of 574.8% from the May 31st total of 145,173 shares. Based on an average daily volume of 614,523 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.7% of the shares of the company are sold short.

Capital Group Dividend Growers ETF Trading Down 0.1%

Capital Group Dividend Growers ETF stock traded down $0.04 during trading hours on Friday, reaching $37.51. 468,051 shares of the company were exchanged, compared to its average volume of 751,174. Capital Group Dividend Growers ETF has a 12 month low of $32.90 and a 12 month high of $38.09. The stock has a 50-day moving average of $37.29 and a 200 day moving average of $36.75. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50.

Institutional Trading of Capital Group Dividend Growers ETF

Several large investors have recently modified their holdings of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Capital Group Dividend Growers ETF in the 4th quarter worth $25,000. Ameriflex Group Inc. acquired a new stake in shares of Capital Group Dividend Growers ETF in the third quarter valued at about $33,000. Ancora Advisors LLC acquired a new stake in shares of Capital Group Dividend Growers ETF in the third quarter valued at about $48,000. Pinnacle Bancorp Inc. bought a new position in shares of Capital Group Dividend Growers ETF in the first quarter worth about $50,000. Finally, Strategic Investment Solutions Inc. IL increased its stake in shares of Capital Group Dividend Growers ETF by 35.8% in the third quarter. Strategic Investment Solutions Inc. IL now owns 2,238 shares of the company’s stock worth $78,000 after purchasing an additional 590 shares during the period.

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. CGDG was launched on Sep 26, 2023 and is issued by Capital Group.