Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Sees Significant Increase in Short Interest

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 248,655 shares, an increase of 82.5% from the September 30th total of 136,227 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 323,979 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CGCV. DMKC Advisory Services LLC boosted its holdings in shares of Capital Group Conservative Equity ETF by 1,271.2% in the second quarter. DMKC Advisory Services LLC now owns 951,600 shares of the company’s stock worth $31,232,000 after acquiring an additional 882,200 shares during the period. Cetera Investment Advisers raised its stake in Capital Group Conservative Equity ETF by 12.6% in the first quarter. Cetera Investment Advisers now owns 892,128 shares of the company’s stock valued at $26,594,000 after purchasing an additional 99,802 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Capital Group Conservative Equity ETF by 2.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 651,472 shares of the company’s stock worth $20,899,000 after acquiring an additional 13,149 shares during the last quarter. Envision Financial Planning LLC boosted its holdings in shares of Capital Group Conservative Equity ETF by 4.1% in the 1st quarter. Envision Financial Planning LLC now owns 628,948 shares of the company’s stock worth $18,749,000 after purchasing an additional 24,819 shares in the last quarter. Finally, Clearstead Trust LLC boosted its stake in Capital Group Conservative Equity ETF by 67.8% in the first quarter. Clearstead Trust LLC now owns 513,754 shares of the company’s stock worth $15,315,000 after buying an additional 207,660 shares in the last quarter.

Capital Group Conservative Equity ETF Price Performance

CGCV opened at $33.57 on Tuesday. Capital Group Conservative Equity ETF has a fifty-two week low of $29.26 and a fifty-two week high of $33.97. The company’s 50-day moving average is $32.89 and its 200 day moving average is $32.08. The firm has a market capitalization of $2.21 billion, a P/E ratio of 23.69 and a beta of 0.65.

Capital Group Conservative Equity ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were paid a $0.1268 dividend. This is a boost from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.1187. The ex-dividend date was Wednesday, September 30th. This represents a $0.51 dividend on an annualized basis and a yield of 1.5%.

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.