Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Short Interest Down 73.8% in February

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 222,760 shares, a decline of 73.8% from the February 12th total of 851,111 shares. Based on an average daily trading volume, of 1,216,198 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,216,198 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. World Investment Advisors raised its position in shares of Capital Group Dividend Growers ETF by 1.3% in the fourth quarter. World Investment Advisors now owns 47,687 shares of the company’s stock valued at $1,700,000 after buying an additional 594 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Capital Group Dividend Growers ETF during the fourth quarter worth about $25,000. Astoria Portfolio Advisors LLC. acquired a new position in Capital Group Dividend Growers ETF during the fourth quarter worth about $737,000. Summit Global Investments grew its stake in Capital Group Dividend Growers ETF by 8.4% during the 4th quarter. Summit Global Investments now owns 17,135 shares of the company’s stock valued at $611,000 after acquiring an additional 1,331 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in Capital Group Dividend Growers ETF by 17.3% during the 4th quarter. Raymond James Financial Inc. now owns 4,159,257 shares of the company’s stock valued at $148,236,000 after acquiring an additional 612,090 shares in the last quarter.

Capital Group Dividend Growers ETF Stock Up 0.3%

Shares of Capital Group Dividend Growers ETF stock traded up $0.09 during mid-day trading on Friday, reaching $36.04. 287,391 shares of the stock traded hands, compared to its average volume of 889,851. The stock has a market capitalization of $4.34 billion, a PE ratio of 20.18 and a beta of 0.56. The business has a 50-day moving average of $36.90 and a 200 day moving average of $35.64. Capital Group Dividend Growers ETF has a fifty-two week low of $27.62 and a fifty-two week high of $38.00.

Capital Group Dividend Growers ETF Increases Dividend

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

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.