Short Interest in Capital Group Dividend Value ETF (NYSEARCA:CGDV) Grows By 90.5%

Capital Group Dividend Value ETF (NYSEARCA:CGDV) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 1,243,096 shares, an increase of 90.5% from the May 31st total of 652,565 shares. Based on an average daily trading volume, of 3,764,032 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Trading of Capital Group Dividend Value ETF

Several large investors have recently modified their holdings of CGDV. Pflug Koory LLC purchased a new stake in Capital Group Dividend Value ETF in the 4th quarter valued at approximately $25,000. Triumph Capital Management acquired a new position in shares of Capital Group Dividend Value ETF in the third quarter worth $32,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at $32,000. Tucker Asset Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter valued at $32,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter valued at $32,000.

Capital Group Dividend Value ETF Price Performance

Shares of Capital Group Dividend Value ETF stock remained flat at $48.95 on Friday. 3,940,801 shares of the company traded hands, compared to its average volume of 4,572,954. The stock has a market cap of $36.43 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 1-year low of $39.76 and a 1-year high of $49.44. The business has a 50-day moving average of $47.95 and a two-hundred day moving average of $45.61.

Capital Group Dividend Value ETF Company Profile

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.