Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Sees Significant Decline in Short Interest

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 442,095 shares, a decline of 37.1% from the June 30th total of 702,719 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 615,564 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On Capital Group Dividend Growers ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealthcare Capital Partners LLC acquired a new stake in Capital Group Dividend Growers ETF in the 2nd quarter valued at about $234,000. Shira Ridge Wealth Management increased its holdings in shares of Capital Group Dividend Growers ETF by 6.4% in the second quarter. Shira Ridge Wealth Management now owns 119,166 shares of the company’s stock valued at $4,470,000 after purchasing an additional 7,143 shares during the last quarter. Professional Financial Advisors LLC purchased a new position in Capital Group Dividend Growers ETF during the second quarter worth approximately $354,000. First Heartland Consultants Inc. boosted its stake in Capital Group Dividend Growers ETF by 7.7% during the second quarter. First Heartland Consultants Inc. now owns 13,882 shares of the company’s stock worth $521,000 after buying an additional 994 shares during the last quarter. Finally, Puff Wealth Management LLC purchased a new stake in Capital Group Dividend Growers ETF in the 2nd quarter valued at $498,000.

Capital Group Dividend Growers ETF Stock Up 0.8%

Shares of NYSEARCA CGDG traded up $0.31 during trading on Thursday, hitting $38.43. The company had a trading volume of 633,969 shares, compared to its average volume of 727,591. The stock has a fifty day simple moving average of $37.64 and a two-hundred day simple moving average of $37.10. Capital Group Dividend Growers ETF has a fifty-two week low of $32.90 and a fifty-two week high of $38.54. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 20.18 and a beta of 0.49.

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.