Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Shares Shorted: Short Interest Up 163.7% in September

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 625,658 shares, an increase of 163.7% from the September 15th total of 237,277 shares. Based on an average trading volume of 669,218 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Trading of Capital Group Dividend Growers ETF

Several institutional investors have recently added to or reduced their stakes in CGDG. MFA Wealth Services increased its holdings in Capital Group Dividend Growers ETF by 4.8% in the 3rd quarter. MFA Wealth Services now owns 66,472 shares of the company’s stock valued at $2,461,000 after purchasing an additional 3,064 shares during the last quarter. Lincoln Capital LLC lifted its stake in Capital Group Dividend Growers ETF by 11.4% during the third quarter. Lincoln Capital LLC now owns 38,438 shares of the company’s stock worth $1,424,000 after purchasing an additional 3,937 shares in the last quarter. First Heartland Consultants Inc. lifted its stake in Capital Group Dividend Growers ETF by 44.7% during the third quarter. First Heartland Consultants Inc. now owns 20,091 shares of the company’s stock worth $744,000 after purchasing an additional 6,209 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of Capital Group Dividend Growers ETF by 49.1% during the third quarter. CoreCap Advisors LLC now owns 1,115 shares of the company’s stock worth $41,000 after buying an additional 367 shares during the period. Finally, Puff Wealth Management LLC boosted its position in shares of Capital Group Dividend Growers ETF by 19.2% during the third quarter. Puff Wealth Management LLC now owns 15,831 shares of the company’s stock worth $586,000 after buying an additional 2,546 shares during the period.

Capital Group Dividend Growers ETF Stock Down 0.1%

Shares of CGDG traded down $0.02 during trading on Wednesday, reaching $37.42. 483,372 shares of the company traded hands, compared to its average volume of 698,414. The stock has a 50-day simple moving average of $38.19 and a 200-day simple moving average of $37.64. The stock has a market cap of $5.70 billion, a PE ratio of 20.18 and a beta of 0.50. Capital Group Dividend Growers ETF has a twelve month low of $34.24 and a twelve month high of $39.15.

Capital Group Dividend Growers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were given a dividend of $0.1611 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a decrease from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865.

Capital Group Dividend Growers ETF Company Profile

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.