Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Short Interest Down 62.2% in December

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 99,130 shares, a drop of 62.2% from the November 30th total of 262,092 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 663,844 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 663,844 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Capital Group Dividend Growers ETF Stock Performance

Shares of CGDG stock traded down $0.11 on Friday, hitting $35.93. 346,665 shares of the company’s stock traded hands, compared to its average volume of 532,115. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56. The company’s fifty day simple moving average is $35.29 and its 200 day simple moving average is $34.47. Capital Group Dividend Growers ETF has a one year low of $27.62 and a one year high of $36.07.

Capital Group Dividend Growers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 26th will be issued a $0.1841 dividend. This represents a $0.74 annualized dividend and a yield of 2.0%. This is a boost from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, December 26th.

Institutional Trading of Capital Group Dividend Growers ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL raised its holdings in Capital Group Dividend Growers ETF by 35.8% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 2,238 shares of the company’s stock valued at $78,000 after buying an additional 590 shares during the period. Allworth Financial LP lifted its holdings in Capital Group Dividend Growers ETF by 210.2% during the third quarter. Allworth Financial LP now owns 18,159 shares of the company’s stock worth $629,000 after buying an additional 12,305 shares during the period. Lantern Wealth Advisors LLC boosted its position in Capital Group Dividend Growers ETF by 46.0% during the third quarter. Lantern Wealth Advisors LLC now owns 12,781 shares of the company’s stock valued at $443,000 after purchasing an additional 4,029 shares in the last quarter. Centaurus Financial Inc. grew its position in shares of Capital Group Dividend Growers ETF by 81.6% in the 3rd quarter. Centaurus Financial Inc. now owns 11,498 shares of the company’s stock worth $398,000 after buying an additional 5,167 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Capital Group Dividend Growers ETF by 13.6% during the third quarter. Captrust Financial Advisors now owns 206,871 shares of the company’s stock worth $7,168,000 after purchasing an additional 24,778 shares in the last quarter.

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.