Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Sees Significant Growth in Short Interest

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 248,655 shares, a growth of 82.5% from the September 30th total of 136,227 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 323,979 shares, the days-to-cover ratio is presently 0.8 days.

Capital Group Conservative Equity ETF Stock Up 0.1%

Shares of CGCV stock traded up $0.03 during mid-day trading on Monday, reaching $33.57. The company’s stock had a trading volume of 5,196,178 shares, compared to its average volume of 343,388. The firm has a market capitalization of $2.21 billion, a PE ratio of 23.69 and a beta of 0.65. The company’s 50 day simple moving average is $32.88 and its 200-day simple moving average is $32.07. Capital Group Conservative Equity ETF has a 12-month low of $29.26 and a 12-month high of $33.97.

Capital Group Conservative Equity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.1268 per share. This represents a $0.51 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 30th. This is an increase from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.1187.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of Capital Group Conservative Equity ETF by 31.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock worth $63,000 after acquiring an additional 500 shares in the last quarter. CWS Financial Advisors LLC boosted its stake in Capital Group Conservative Equity ETF by 1.0% in the 3rd quarter. CWS Financial Advisors LLC now owns 54,004 shares of the company’s stock worth $1,732,000 after purchasing an additional 527 shares during the period. Latitude Advisors LLC acquired a new position in Capital Group Conservative Equity ETF in the 3rd quarter worth approximately $31,000. Geneos Wealth Management Inc. boosted its stake in Capital Group Conservative Equity ETF by 106.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,884 shares of the company’s stock worth $56,000 after purchasing an additional 972 shares during the period. Finally, Simplicity Wealth LLC grew its position in Capital Group Conservative Equity ETF by 9.6% during the 1st quarter. Simplicity Wealth LLC now owns 11,441 shares of the company’s stock worth $341,000 after purchasing an additional 1,005 shares in the last quarter.

About Capital Group Conservative Equity ETF

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.