Short Interest in Capital Group Dividend Value ETF (NYSEARCA:CGDV) Declines By 62.0%

Capital Group Dividend Value ETF (NYSEARCA:CGDV) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 600,517 shares, a decrease of 62.0% from the June 30th total of 1,580,304 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 4,045,004 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Capital Group Dividend Value ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Pflug Koory LLC bought a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter valued at about $25,000. Bay Harbor Wealth Management LLC acquired a new position in Capital Group Dividend Value ETF in the fourth quarter valued at approximately $32,000. Tucker Asset Management LLC acquired a new position in Capital Group Dividend Value ETF in the fourth quarter valued at approximately $32,000. Flagship Wealth Advisors LLC acquired a new position in Capital Group Dividend Value ETF in the fourth quarter valued at approximately $32,000. Finally, Triumph Capital Management bought a new position in shares of Capital Group Dividend Value ETF during the third quarter valued at approximately $32,000.

Capital Group Dividend Value ETF Price Performance

CGDV traded up $0.15 during trading hours on Tuesday, hitting $49.11. 3,727,880 shares of the stock were exchanged, compared to its average volume of 4,465,655. The stock has a 50-day simple moving average of $48.70 and a 200-day simple moving average of $46.27. Capital Group Dividend Value ETF has a 12 month low of $39.87 and a 12 month high of $49.55. The stock has a market cap of $37.34 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Company Profile

The Capital Group Dividend Value ETF (CGDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in stocks of dividend-paying, large- and mid-cap US companies. The fund seeks to produce income exceeding the average yield on US stocks. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.