Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Sees Significant Growth in Short Interest

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 82,284 shares, a growth of 68.2% from the May 14th total of 48,918 shares. Based on an average trading volume of 269,366 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Capital Group Conservative Equity ETF Trading Up 0.4%

Shares of NYSEARCA CGCV traded up $0.12 during mid-day trading on Monday, hitting $32.47. The company had a trading volume of 276,956 shares, compared to its average volume of 324,132. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 23.69 and a beta of 0.67. Capital Group Conservative Equity ETF has a 1 year low of $27.86 and a 1 year high of $32.62. The stock’s 50-day moving average price is $31.48 and its 200-day moving average price is $31.08.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CGCV. Capital International Investors increased its position in shares of Capital Group Conservative Equity ETF by 15,171.6% during the third quarter. Capital International Investors now owns 9,857,523 shares of the company’s stock valued at $296,810,000 after buying an additional 9,792,975 shares during the period. LPL Financial LLC grew its stake in Capital Group Conservative Equity ETF by 53.9% during the fourth quarter. LPL Financial LLC now owns 3,942,987 shares of the company’s stock valued at $120,222,000 after acquiring an additional 1,380,934 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Capital Group Conservative Equity ETF by 502.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,079,169 shares of the company’s stock valued at $32,904,000 after acquiring an additional 899,949 shares in the last quarter. Capital Group Private Client Services Inc. increased its holdings in Capital Group Conservative Equity ETF by 33.8% during the 3rd quarter. Capital Group Private Client Services Inc. now owns 3,279,603 shares of the company’s stock worth $98,749,000 after acquiring an additional 828,056 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Capital Group Conservative Equity ETF by 5,529.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 828,462 shares of the company’s stock worth $25,682,000 after acquiring an additional 813,745 shares during the period.

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.