Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Short Interest Down 53.3% in August

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 268,278 shares, a decline of 53.3% from the July 30th total of 575,070 shares. Based on an average daily trading volume, of 516,754 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

Capital Group Dividend Growers ETF Trading Down 0.3%

NYSEARCA CGDG traded down $0.10 on Friday, hitting $38.67. 1,196,276 shares of the company were exchanged, compared to its average volume of 707,460. Capital Group Dividend Growers ETF has a 1-year low of $33.67 and a 1-year high of $39.15. The firm has a 50 day moving average of $38.24 and a two-hundred day moving average of $37.42. The company has a market cap of $5.57 billion, a P/E ratio of 20.18 and a beta of 0.49.

Institutional Trading of Capital Group Dividend Growers ETF

Hedge funds have recently modified their holdings of the stock. Ameritas Advisory Services LLC raised its position in Capital Group Dividend Growers ETF by 59.6% in the 2nd quarter. Ameritas Advisory Services LLC now owns 144,797 shares of the company’s stock worth $5,431,000 after purchasing an additional 54,063 shares during the last quarter. Kintra Wealth LLC increased its stake in shares of Capital Group Dividend Growers ETF by 158.2% in the 2nd quarter. Kintra Wealth LLC now owns 46,706 shares of the company’s stock valued at $1,825,000 after buying an additional 28,620 shares during the period. Endeavor Private Wealth Inc. raised its position in shares of Capital Group Dividend Growers ETF by 3.4% during the second quarter. Endeavor Private Wealth Inc. now owns 84,585 shares of the company’s stock worth $3,205,000 after acquiring an additional 2,796 shares during the last quarter. Hopwood Nicholas Hunter bought a new stake in shares of Capital Group Dividend Growers ETF during the second quarter worth $6,590,000. Finally, Concurrent Investment Advisors LLC raised its position in shares of Capital Group Dividend Growers ETF by 2.0% during the second quarter. Concurrent Investment Advisors LLC now owns 229,567 shares of the company’s stock worth $8,611,000 after acquiring an additional 4,523 shares during the last quarter.

Capital Group Dividend Growers ETF Company Profile

The Capital Group Dividend Growers ETF (CGDG) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects dividend-paying companies globally that are attractively valued and believed to provide dividend growth. It employs a multi-manager approach to portfolio management. CGDG was launched on Sep 26, 2023 and is issued by Capital Group.