Conductor Global Equity Value ETF (NYSE:CGV) Stock Short Interest Declines 60.1%

Conductor Global Equity Value ETF (NYSE:CGV) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 31,790 shares, a decrease of 60.1% from the September 15th total of 79,641 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 16,335 shares, the short-interest ratio is presently 1.9 days.

Conductor Global Equity Value ETF Stock Performance

Shares of NYSE:CGV traded up $0.05 during midday trading on Tuesday, hitting $15.86. The company’s stock had a trading volume of 5,849 shares, compared to its average volume of 22,492. The business’s 50 day simple moving average is $16.05 and its 200 day simple moving average is $15.97. The company has a market cap of $136.87 million, a P/E ratio of 29.92 and a beta of 0.54. Conductor Global Equity Value ETF has a 12-month low of $14.17 and a 12-month high of $17.06.

Conductor Global Equity Value ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Tuesday, September 29th were issued a $0.0847 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, September 29th. This is a negative change from Conductor Global Equity Value ETF’s previous quarterly dividend of $0.1719. Conductor Global Equity Value ETF’s payout ratio is currently 150.94%.

About Conductor Global Equity Value ETF

The Conductor Global Equity Value ETF (CGV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of equity securities issued by companies globally, that exhibit value characteristics. Holdings are selected using technical, fundamental, and quantitative analyses. CGV was launched on Aug 1, 2022 and is managed by Conductor Fund.