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

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 54,818 shares, a decline of 64.7% from the February 26th total of 155,247 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 319,529 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 319,529 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Capital Group Conservative Equity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Comerica Bank grew its holdings in shares of Capital Group Conservative Equity ETF by 156.4% during the third quarter. Comerica Bank now owns 905 shares of the company’s stock worth $27,000 after buying an additional 552 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in Capital Group Conservative Equity ETF during the 4th quarter valued at approximately $28,000. Sunbelt Securities Inc. acquired a new stake in Capital Group Conservative Equity ETF during the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC acquired a new stake in Capital Group Conservative Equity ETF during the 3rd quarter worth approximately $38,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Capital Group Conservative Equity ETF in the 1st quarter valued at approximately $42,000.

Capital Group Conservative Equity ETF Price Performance

CGCV stock opened at $29.97 on Wednesday. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 23.69 and a beta of 0.72. The company has a fifty day moving average price of $31.15 and a 200 day moving average price of $30.58. Capital Group Conservative Equity ETF has a 12 month low of $23.93 and a 12 month high of $31.96.

Capital Group Conservative Equity ETF Company Profile

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.