Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Sees Large Increase in Short Interest

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 82,284 shares, a growth of 68.2% from the May 14th total of 48,918 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 269,366 shares, the short-interest ratio is currently 0.3 days.

Capital Group Conservative Equity ETF Price Performance

Shares of NYSEARCA CGCV traded up $0.03 during midday trading on Wednesday, hitting $32.49. The stock had a trading volume of 109,245 shares, compared to its average volume of 321,893. The company’s 50-day simple moving average is $31.59 and its 200 day simple moving average is $31.10. The firm has a market cap of $1.69 billion, a P/E ratio of 23.69 and a beta of 0.67. Capital Group Conservative Equity ETF has a fifty-two week low of $27.86 and a fifty-two week high of $32.62.

Institutional Investors Weigh In On Capital Group Conservative Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capital International Investors increased its stake in shares of Capital Group Conservative Equity ETF by 0.7% in the 4th quarter. Capital International Investors now owns 9,928,478 shares of the company’s stock valued at $302,719,000 after buying an additional 70,955 shares during the period. LPL Financial LLC increased its stake in shares of Capital Group Conservative Equity ETF by 53.9% in the 4th quarter. LPL Financial LLC now owns 3,942,987 shares of the company’s stock valued at $120,222,000 after buying an additional 1,380,934 shares during the period. Capital Group Private Client Services Inc. grew its stake in shares of Capital Group Conservative Equity ETF by 13.8% during the fourth quarter. Capital Group Private Client Services Inc. now owns 3,732,528 shares of the company’s stock worth $113,805,000 after purchasing an additional 452,925 shares during the period. Raymond James Financial Inc. grew its stake in shares of Capital Group Conservative Equity ETF by 36.7% during the third quarter. Raymond James Financial Inc. now owns 1,909,889 shares of the company’s stock worth $57,507,000 after purchasing an additional 512,552 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Capital Group Conservative Equity ETF by 502.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,079,169 shares of the company’s stock worth $32,904,000 after purchasing an additional 899,949 shares during the period.

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.