Conductor Global Equity Value ETF (NYSE:CGV) Short Interest Down 69.5% in August

Conductor Global Equity Value ETF (NYSE:CGV) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 41,820 shares, a drop of 69.5% from the August 15th total of 136,973 shares. Based on an average daily volume of 26,731 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Conductor Global Equity Value ETF stock. Cary Street Partners Financial LLC purchased a new position in shares of Conductor Global Equity Value ETF (NYSE:CGV) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 25,294 shares of the company’s stock, valued at approximately $373,000. Cary Street Partners Financial LLC owned 0.31% of Conductor Global Equity Value ETF as of its most recent SEC filing. Institutional investors own 2.08% of the company’s stock.

Conductor Global Equity Value ETF Stock Performance

Shares of NYSE CGV traded up $0.07 during trading on Friday, hitting $16.14. 26,579 shares of the company were exchanged, compared to its average volume of 23,495. Conductor Global Equity Value ETF has a 12-month low of $14.15 and a 12-month high of $17.06. The firm has a market capitalization of $134.93 million, a PE ratio of 30.45 and a beta of 0.53. The company has a fifty day moving average price of $15.86 and a 200-day moving average price of $15.98.

Conductor Global Equity Value ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Monday, June 29th were given a dividend of $0.1719 per share. This represents a $0.69 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, June 29th. Conductor Global Equity Value ETF’s payout ratio is presently 141.51%.

Conductor Global Equity Value ETF Company Profile

The Conductor Global Equity Value ETF (CGV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of equity securities issued by companies globally, that exhibit value characteristics. Holdings are selected using technical, fundamental, and quantitative analyses. CGV was launched on Aug 1, 2022 and is managed by Conductor Fund.