Capital Group Dividend Value ETF (NYSEARCA:CGDV) Shares Shorted: Short Interest Up 69.8% in October

Capital Group Dividend Value ETF (NYSEARCA:CGDV) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,427,770 shares, a growth of 69.8% from the September 30th total of 840,971 shares. Based on an average trading volume of 3,104,617 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 179.5% during the second quarter. Ameritas Advisory Services LLC now owns 1,092,250 shares of the company’s stock valued at $53,826,000 after purchasing an additional 701,514 shares in the last quarter. Capital Analysts LLC boosted its position in shares of Capital Group Dividend Value ETF by 27.8% during the second quarter. Capital Analysts LLC now owns 164,262 shares of the company’s stock valued at $8,095,000 after buying an additional 35,765 shares during the last quarter. Guardian Wealth Advisors LLC NC boosted its position in shares of Capital Group Dividend Value ETF by 2.1% during the second quarter. Guardian Wealth Advisors LLC NC now owns 1,281,501 shares of the company’s stock valued at $63,200,000 after buying an additional 26,012 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in Capital Group Dividend Value ETF by 2.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 971,237 shares of the company’s stock worth $47,863,000 after buying an additional 19,594 shares in the last quarter. Finally, PCG Wealth Advisors LLC increased its holdings in Capital Group Dividend Value ETF by 5.3% in the 2nd quarter. PCG Wealth Advisors LLC now owns 681,934 shares of the company’s stock worth $33,606,000 after buying an additional 34,563 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV opened at $48.87 on Wednesday. The stock has a market cap of $39.67 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a fifty-two week low of $41.31 and a fifty-two week high of $51.63. The stock has a fifty day moving average of $49.35 and a 200-day moving average of $47.48.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were paid a $0.1522 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.61 annualized dividend and a yield of 1.2%. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471.

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.