Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Short Interest Up 551.9% in February

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 851,111 shares, a growth of 551.9% from the January 29th total of 130,553 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 802,215 shares, the short-interest ratio is currently 1.1 days. Based on an average trading volume of 802,215 shares, the short-interest ratio is currently 1.1 days. Approximately 0.7% of the company’s shares are sold short.

Hedge Funds Weigh In On Capital Group Dividend Growers ETF

A number of hedge funds have recently made changes to their positions in the stock. Astoria Portfolio Advisors LLC. acquired a new stake in Capital Group Dividend Growers ETF during the fourth quarter worth approximately $737,000. Summit Global Investments lifted its stake in Capital Group Dividend Growers ETF by 8.4% in the fourth quarter. Summit Global Investments now owns 17,135 shares of the company’s stock valued at $611,000 after buying an additional 1,331 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of 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 worth $148,236,000 after buying an additional 612,090 shares in the last quarter. Onyx Bridge Wealth Group LLC grew its position in shares of Capital Group Dividend Growers ETF by 1.9% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 414,523 shares of the company’s stock worth $14,774,000 after buying an additional 7,617 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of Capital Group Dividend Growers ETF by 368.9% during the 4th quarter. NewEdge Advisors LLC now owns 245,048 shares of the company’s stock worth $8,734,000 after buying an additional 192,785 shares during the period.

Capital Group Dividend Growers ETF Price Performance

Shares of Capital Group Dividend Growers ETF stock traded up $0.21 during trading on Wednesday, hitting $37.95. The company’s stock had a trading volume of 550,346 shares, compared to its average volume of 952,542. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 20.18 and a beta of 0.56. Capital Group Dividend Growers ETF has a 52 week low of $27.62 and a 52 week high of $38.00. The stock has a 50-day moving average price of $36.61 and a two-hundred day moving average price of $35.41.

Capital Group Dividend Growers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a $0.1841 dividend. This is a boost from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, December 26th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.9%.

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.