Short Interest in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Drops By 37.1%

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 442,095 shares, a decline of 37.1% from the June 30th total of 702,719 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 615,564 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Capital Group Dividend Growers ETF

Several institutional investors and hedge funds have recently bought and sold shares of CGDG. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Capital Group Dividend Growers ETF in the 4th quarter worth about $25,000. CoreCap Advisors LLC increased its stake in Capital Group Dividend Growers ETF by 1,458.3% during the 2nd quarter. CoreCap Advisors LLC now owns 748 shares of the company’s stock valued at $28,000 after purchasing an additional 700 shares in the last quarter. Ancora Advisors LLC bought a new stake in Capital Group Dividend Growers ETF during the 3rd quarter valued at about $48,000. Pinnacle Bancorp Inc. purchased a new position in Capital Group Dividend Growers ETF in the first quarter worth about $50,000. Finally, CX Institutional raised its holdings in Capital Group Dividend Growers ETF by 121.3% in the second quarter. CX Institutional now owns 1,737 shares of the company’s stock worth $65,000 after buying an additional 952 shares during the last quarter.

Capital Group Dividend Growers ETF Stock Down 0.2%

Shares of NYSEARCA:CGDG traded down $0.09 on Friday, hitting $38.34. The company had a trading volume of 575,450 shares, compared to its average volume of 726,542. The firm’s 50-day simple moving average is $37.67 and its two-hundred day simple moving average is $37.12. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 20.18 and a beta of 0.49. Capital Group Dividend Growers ETF has a 1 year low of $32.90 and a 1 year high of $38.54.

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.