Capital Group Dividend Value ETF (NYSEARCA:CGDV) Sees Large Growth in Short Interest

Capital Group Dividend Value ETF (NYSEARCA:CGDV) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 1,199,430 shares, an increase of 99.7% from the July 15th total of 600,517 shares. Based on an average daily volume of 3,972,483 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of Capital Group Dividend Value ETF

Institutional investors have recently made changes to their positions in the stock. LPL Financial LLC lifted its position in Capital Group Dividend Value ETF by 20.7% during the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock valued at $2,770,731,000 after purchasing an additional 10,904,954 shares during the period. Raymond James Financial Inc. raised its stake in Capital Group Dividend Value ETF by 6.6% during the 4th quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock valued at $1,029,522,000 after buying an additional 1,465,566 shares during the last quarter. Capital International Investors raised its stake in Capital Group Dividend Value ETF by 1.8% during the 4th quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock valued at $999,318,000 after buying an additional 397,762 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Capital Group Dividend Value ETF by 12.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock valued at $818,465,000 after buying an additional 2,061,385 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Capital Group Dividend Value ETF by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock worth $781,004,000 after buying an additional 1,959,868 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV traded down $0.29 during trading hours on Monday, hitting $50.79. The company’s stock had a trading volume of 2,830,317 shares, compared to its average volume of 4,405,390. Capital Group Dividend Value ETF has a 12 month low of $40.64 and a 12 month high of $51.63. The company’s 50 day simple moving average is $49.29 and its two-hundred day simple moving average is $46.84. The company has a market cap of $38.52 billion, a P/E ratio of 26.59 and a beta of 0.88.

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.