Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Short Interest Update

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 979,565 shares, a growth of 574.8% from the May 31st total of 145,173 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 614,523 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On Capital Group Dividend Growers ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC raised its position in Capital Group Dividend Growers ETF by 330.8% in the 4th quarter. Global Retirement Partners LLC now owns 43,688 shares of the company’s stock worth $1,557,000 after purchasing an additional 33,546 shares during the last quarter. RFG Advisory LLC lifted its holdings in Capital Group Dividend Growers ETF by 217.8% during the 4th quarter. RFG Advisory LLC now owns 142,426 shares of the company’s stock worth $5,076,000 after buying an additional 97,611 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in Capital Group Dividend Growers ETF by 40.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 164,128 shares of the company’s stock valued at $5,850,000 after buying an additional 47,672 shares during the last quarter. UBS Group AG boosted its position in Capital Group Dividend Growers ETF by 19.0% in the 4th quarter. UBS Group AG now owns 930,806 shares of the company’s stock valued at $33,174,000 after buying an additional 148,596 shares during the last quarter. Finally, Swisher Financial Concepts Inc. increased its stake in shares of Capital Group Dividend Growers ETF by 6.5% in the 1st quarter. Swisher Financial Concepts Inc. now owns 222,399 shares of the company’s stock valued at $7,984,000 after buying an additional 13,623 shares during the period.

Capital Group Dividend Growers ETF Stock Down 0.1%

CGDG traded down $0.04 during midday trading on Friday, reaching $37.51. 468,051 shares of the company’s stock were exchanged, compared to its average volume of 751,174. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50. Capital Group Dividend Growers ETF has a one year low of $32.90 and a one year high of $38.09. The business has a 50-day simple moving average of $37.29 and a two-hundred day simple moving average of $36.75.

About Capital Group Dividend Growers ETF

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.