Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Short Interest Up 778.3% in December

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 870,636 shares, a growth of 778.3% from the December 15th total of 99,130 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average trading volume of 665,667 shares, the days-to-cover ratio is currently 1.3 days. Based on an average trading volume of 665,667 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.8% of the company’s shares are sold short.

Institutional Investors Weigh In On Capital Group Dividend Growers ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its holdings in Capital Group Dividend Growers ETF by 37.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 8,036,810 shares of the company’s stock worth $278,475,000 after acquiring an additional 2,194,089 shares in the last quarter. Advance Capital Management Inc. lifted its position in shares of Capital Group Dividend Growers ETF by 2.4% in the 4th quarter. Advance Capital Management Inc. now owns 5,373,945 shares of the company’s stock worth $191,527,000 after purchasing an additional 124,692 shares during the period. Capital Group Private Client Services Inc. boosted its stake in shares of Capital Group Dividend Growers ETF by 15.7% during the third quarter. Capital Group Private Client Services Inc. now owns 4,719,675 shares of the company’s stock valued at $163,537,000 after purchasing an additional 640,905 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Capital Group Dividend Growers ETF by 33.7% during the third quarter. Raymond James Financial Inc. now owns 3,547,167 shares of the company’s stock valued at $122,909,000 after purchasing an additional 894,780 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Capital Group Dividend Growers ETF by 20.3% during the second quarter. Commonwealth Equity Services LLC now owns 1,898,865 shares of the company’s stock valued at $63,859,000 after buying an additional 320,534 shares during the period.

Capital Group Dividend Growers ETF Stock Up 0.5%

NYSEARCA:CGDG traded up $0.17 during mid-day trading on Monday, hitting $36.63. 1,102,350 shares of the stock traded hands, compared to its average volume of 933,136. Capital Group Dividend Growers ETF has a 52 week low of $27.62 and a 52 week high of $36.63. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56. The firm’s 50 day moving average is $35.52 and its two-hundred day moving average is $34.70.

Capital Group Dividend Growers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a dividend of $0.1841 per share. This is a positive change from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, December 26th.

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.