Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Short Interest Update

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 205,440 shares, a growth of 630.1% from the March 31st total of 28,140 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 324,177 shares, the days-to-cover ratio is currently 0.6 days.

Capital Group Conservative Equity ETF Trading Down 0.2%

Capital Group Conservative Equity ETF stock traded down $0.06 on Friday, hitting $31.20. 152,595 shares of the stock traded hands, compared to its average volume of 352,487. The firm has a market cap of $1.58 billion, a P/E ratio of 23.69 and a beta of 0.78. The business’s fifty day simple moving average is $30.82 and its 200 day simple moving average is $30.65. Capital Group Conservative Equity ETF has a 1 year low of $25.98 and a 1 year high of $31.96.

Hedge Funds Weigh In On Capital Group Conservative Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Comerica Bank lifted its position in Capital Group Conservative Equity ETF by 156.4% during the third quarter. Comerica Bank now owns 905 shares of the company’s stock valued at $27,000 after buying an additional 552 shares during the period. Geneos Wealth Management Inc. bought a new position in shares of Capital Group Conservative Equity ETF during the fourth quarter valued at $28,000. Sunbelt Securities Inc. bought a new position in shares of Capital Group Conservative Equity ETF during the third quarter valued at $30,000. EverSource Wealth Advisors LLC bought a new position in shares of Capital Group Conservative Equity ETF during the third quarter valued at $38,000. Finally, NewEdge Advisors LLC bought a new position in shares of Capital Group Conservative Equity ETF during the first quarter valued at $42,000.

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.