Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Short Interest Up 273.7% in August

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 251,702 shares, a growth of 273.7% from the August 15th total of 67,362 shares. Based on an average daily volume of 309,759 shares, the short-interest ratio is currently 0.8 days. Currently, 0.4% of the shares of the company are short sold.

Capital Group Conservative Equity ETF Price Performance

NYSEARCA CGCV traded down $0.04 during trading on Monday, reaching $32.70. 19,334 shares of the company’s stock were exchanged, compared to its average volume of 323,561. The business has a 50 day moving average price of $33.20 and a 200-day moving average price of $32.04. The stock has a market capitalization of $1.94 billion, a P/E ratio of 23.69 and a beta of 0.64. Capital Group Conservative Equity ETF has a fifty-two week low of $29.26 and a fifty-two week high of $33.97.

Capital Group Conservative Equity ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.1187 per share. This represents a $0.47 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, June 30th.

Institutional Investors Weigh In On Capital Group Conservative Equity ETF

A number of large investors have recently added to or reduced their stakes in CGCV. Capital Analysts LLC lifted its holdings in Capital Group Conservative Equity ETF by 34.8% during the 2nd quarter. Capital Analysts LLC now owns 19,789 shares of the company’s stock valued at $649,000 after purchasing an additional 5,108 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Capital Group Conservative Equity ETF by 48.7% in the second quarter. Integrated Wealth Concepts LLC now owns 63,562 shares of the company’s stock valued at $2,086,000 after purchasing an additional 20,826 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Capital Group Conservative Equity ETF by 62.0% in the second quarter. NewEdge Advisors LLC now owns 24,457 shares of the company’s stock valued at $803,000 after purchasing an additional 9,361 shares during the period. Baird Financial Group Inc. lifted its stake in shares of Capital Group Conservative Equity ETF by 2.3% during the 2nd quarter. Baird Financial Group Inc. now owns 195,170 shares of the company’s stock worth $6,405,000 after buying an additional 4,415 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Capital Group Conservative Equity ETF during the 2nd quarter worth about $640,000.

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.