Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Stock Short Interest Report for October

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CGCV. DMKC Advisory Services LLC boosted its position in Capital Group Conservative Equity ETF by 1,271.2% in the 2nd quarter. DMKC Advisory Services LLC now owns 951,600 shares of the company’s stock valued at $31,232,000 after buying an additional 882,200 shares during the last quarter. Cetera Investment Advisers grew its holdings in Capital Group Conservative Equity ETF by 12.6% during the 1st quarter. Cetera Investment Advisers now owns 892,128 shares of the company’s stock worth $26,594,000 after acquiring an additional 99,802 shares in the last quarter. Envision Financial Planning LLC grew its holdings in Capital Group Conservative Equity ETF by 4.1% during the 1st quarter. Envision Financial Planning LLC now owns 628,948 shares of the company’s stock worth $18,749,000 after acquiring an additional 24,819 shares in the last quarter. Clearstead Trust LLC increased its position in shares of Capital Group Conservative Equity ETF by 67.8% in the 1st quarter. Clearstead Trust LLC now owns 513,754 shares of the company’s stock worth $15,315,000 after purchasing an additional 207,660 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its position in shares of Capital Group Conservative Equity ETF by 15.3% in the 3rd quarter. AdvisorNet Financial Inc now owns 423,813 shares of the company’s stock worth $13,960,000 after purchasing an additional 56,127 shares during the last quarter.

Capital Group Conservative Equity ETF Stock Down 0.7%

Shares of CGCV stock traded down $0.22 during mid-day trading on Friday, reaching $33.54. The company’s stock had a trading volume of 280,703 shares, compared to its average volume of 320,169. The firm has a market capitalization of $2.21 billion, a PE ratio of 23.69 and a beta of 0.65. The company’s 50 day simple moving average is $32.88 and its 200-day simple moving average is $32.07. Capital Group Conservative Equity ETF has a 12-month low of $29.26 and a 12-month high of $33.97.

Capital Group Conservative Equity ETF Increases Dividend

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

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.