Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Short Interest Up 35.3% in January

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 204,147 shares, a growth of 35.3% from the December 31st total of 150,846 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 452,352 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 452,352 shares, the short-interest ratio is presently 0.5 days. Currently, 0.5% of the shares of the company are short sold.

Capital Group Conservative Equity ETF Stock Up 0.4%

Shares of NYSEARCA:CGCV traded up $0.11 during trading on Friday, reaching $31.09. 239,110 shares of the company traded hands, compared to its average volume of 383,975. The firm has a market capitalization of $1.38 billion, a PE ratio of 23.69 and a beta of 0.72. Capital Group Conservative Equity ETF has a 52 week low of $23.93 and a 52 week high of $31.33. The company’s 50 day moving average is $30.73 and its two-hundred day moving average is $30.07.

Capital Group Conservative Equity ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a $0.1383 dividend. This is a positive change from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09. This represents a $0.55 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, December 26th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital International Investors boosted its holdings in Capital Group Conservative Equity ETF by 15,171.6% in the third quarter. Capital International Investors now owns 9,857,523 shares of the company’s stock worth $296,810,000 after acquiring an additional 9,792,975 shares in the last quarter. Capital Group Private Client Services Inc. lifted its holdings in shares of Capital Group Conservative Equity ETF by 33.8% in the 3rd quarter. Capital Group Private Client Services Inc. now owns 3,279,603 shares of the company’s stock worth $98,749,000 after purchasing an additional 828,056 shares in the last quarter. Raymond James Financial Inc. grew its position in Capital Group Conservative Equity ETF by 36.7% in the 3rd quarter. Raymond James Financial Inc. now owns 1,909,889 shares of the company’s stock valued at $57,507,000 after purchasing an additional 512,552 shares during the period. Envestnet Asset Management Inc. increased its stake in Capital Group Conservative Equity ETF by 178.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,581,240 shares of the company’s stock valued at $47,611,000 after purchasing an additional 1,014,040 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Capital Group Conservative Equity ETF by 5,529.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 828,462 shares of the company’s stock worth $25,682,000 after buying an additional 813,745 shares during the last quarter.

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.