Capital Group Dividend Value ETF (NYSEARCA:CGDV) Short Interest Up 99.7% in July

Capital Group Dividend Value ETF (NYSEARCA:CGDV) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,199,430 shares, a growth of 99.7% from the July 15th total of 600,517 shares. Based on an average daily trading volume, of 3,972,483 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Capital Group Dividend Value ETF

Hedge funds have recently bought and sold shares of the company. Trust Co. of Vermont acquired a new position in shares of Capital Group Dividend Value ETF during the second quarter worth approximately $127,000. True Blue Financial LLC grew its stake in shares of Capital Group Dividend Value ETF by 4.8% in the second quarter. True Blue Financial LLC now owns 98,977 shares of the company’s stock worth $4,878,000 after acquiring an additional 4,496 shares during the last quarter. Bouvel Investment Partners LLC grew its stake in shares of Capital Group Dividend Value ETF by 6.6% in the second quarter. Bouvel Investment Partners LLC now owns 292,611 shares of the company’s stock worth $14,420,000 after acquiring an additional 18,109 shares during the last quarter. Altus Wealth Group LLC increased its position in Capital Group Dividend Value ETF by 17.2% during the second quarter. Altus Wealth Group LLC now owns 75,132 shares of the company’s stock worth $3,703,000 after acquiring an additional 11,020 shares during the period. Finally, CJM Wealth Advisers Ltd. increased its position in Capital Group Dividend Value ETF by 14.2% during the second quarter. CJM Wealth Advisers Ltd. now owns 498,563 shares of the company’s stock worth $24,569,000 after acquiring an additional 61,812 shares during the period.

Capital Group Dividend Value ETF Trading Down 0.6%

NYSEARCA CGDV opened at $50.78 on Tuesday. Capital Group Dividend Value ETF has a 1 year low of $40.64 and a 1 year high of $51.63. The company has a fifty day simple moving average of $49.35 and a 200 day simple moving average of $46.88. The company has a market cap of $38.51 billion, a P/E ratio of 26.59 and a beta of 0.88.

About Capital Group Dividend Value ETF

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.