Capital Group Dividend Value ETF (NYSEARCA:CGDV) Short Interest Update

Capital Group Dividend Value ETF (NYSEARCA:CGDV) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 600,517 shares, a decrease of 62.0% from the June 30th total of 1,580,304 shares. Based on an average daily trading volume, of 4,045,004 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Capital Group Dividend Value ETF Price Performance

Capital Group Dividend Value ETF stock opened at $48.85 on Monday. The firm has a market cap of $37.15 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 52-week low of $39.87 and a 52-week high of $49.55. The company’s 50 day moving average is $48.63 and its two-hundred day moving average is $46.20.

Institutional Trading of Capital Group Dividend Value ETF

A number of large investors have recently modified their holdings of the stock. AQR Capital Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the first quarter valued at $236,000. Franklin Resources Inc. acquired a new position in Capital Group Dividend Value ETF during the 2nd quarter worth $226,000. Russell Investments Group Ltd. increased its holdings in Capital Group Dividend Value ETF by 24.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock worth $183,000 after purchasing an additional 925 shares during the period. Brown Advisory Inc. increased its holdings in Capital Group Dividend Value ETF by 22.7% during the 2nd quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock worth $879,000 after purchasing an additional 4,118 shares during the period. Finally, Sei Investments Co. increased its holdings in Capital Group Dividend Value ETF by 21.1% during the 2nd quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock worth $46,203,000 after purchasing an additional 203,772 shares during the period.

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.