Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Stock Short Interest Report for October

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 277,231 shares, a decline of 55.7% from the September 30th total of 625,658 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 746,122 shares, the days-to-cover ratio is presently 0.4 days.

Capital Group Dividend Growers ETF Stock Performance

Shares of Capital Group Dividend Growers ETF stock traded down $0.10 on Friday, hitting $38.45. The company had a trading volume of 876,598 shares, compared to its average volume of 691,376. Capital Group Dividend Growers ETF has a 1 year low of $34.24 and a 1 year high of $39.15. The stock has a 50 day moving average of $37.97 and a 200-day moving average of $37.44. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 20.18 and a beta of 0.50.

Capital Group Dividend Growers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a $0.1611 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a negative change from Capital Group Dividend Growers ETF’s previous quarterly dividend of $0.3865.

Institutional Investors Weigh In On Capital Group Dividend Growers ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Provenance Wealth Advisors LLC purchased a new stake in Capital Group Dividend Growers ETF during the 3rd quarter valued at $27,000. Signature Equity Partners LLC purchased a new stake in Capital Group Dividend Growers ETF during the 3rd quarter valued at $911,000. Security Financial Services INC. boosted its position in shares of Capital Group Dividend Growers ETF by 3.4% during the third quarter. Security Financial Services INC. now owns 27,173 shares of the company’s stock valued at $1,006,000 after buying an additional 893 shares during the period. Vise Technologies Inc. grew its holdings in shares of Capital Group Dividend Growers ETF by 32.7% in the third quarter. Vise Technologies Inc. now owns 14,087 shares of the company’s stock worth $522,000 after purchasing an additional 3,470 shares during the last quarter. Finally, BNB Wealth Management LLC grew its stake in Capital Group Dividend Growers ETF by 6.4% in the third quarter. BNB Wealth Management LLC now owns 126,564 shares of the company’s stock worth $4,687,000 after purchasing an additional 7,632 shares in 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.