Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Shares Shorted: Short Interest Down 53.4% in October

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 115,877 shares, a drop of 53.4% from the October 15th total of 248,655 shares. Based on an average daily trading volume, of 275,747 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Capital Group Conservative Equity ETF

A number of hedge funds have recently modified their holdings of the business. DMKC Advisory Services LLC grew its stake in shares of Capital Group Conservative Equity ETF by 1,271.2% in the second quarter. DMKC Advisory Services LLC now owns 951,600 shares of the company’s stock worth $31,232,000 after purchasing an additional 882,200 shares during the last quarter. Cetera Investment Advisers raised its position in Capital Group Conservative Equity ETF by 12.6% during the 1st quarter. Cetera Investment Advisers now owns 892,128 shares of the company’s stock worth $26,594,000 after purchasing an additional 99,802 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Capital Group Conservative Equity ETF by 2.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 651,472 shares of the company’s stock worth $20,899,000 after purchasing an additional 13,149 shares during the last quarter. Envision Financial Planning LLC lifted its holdings in Capital Group Conservative Equity ETF by 4.1% during the 1st quarter. Envision Financial Planning LLC now owns 628,948 shares of the company’s stock worth $18,749,000 after buying an additional 24,819 shares during the period. Finally, Confluence Wealth Services Inc. lifted its holdings in Capital Group Conservative Equity ETF by 22.4% during the 3rd quarter. Confluence Wealth Services Inc. now owns 509,431 shares of the company’s stock worth $16,343,000 after buying an additional 93,381 shares during the period.

Capital Group Conservative Equity ETF Trading Down 0.2%

CGCV traded down $0.06 during trading on Friday, reaching $33.77. 659,427 shares of the company’s stock were exchanged, compared to its average volume of 353,333. Capital Group Conservative Equity ETF has a one year low of $29.26 and a one year high of $34.13. The stock has a market capitalization of $2.49 billion, a PE ratio of 24.02 and a beta of 0.63. The firm has a fifty day moving average price of $32.95 and a two-hundred day moving average price of $32.19.

Capital Group Conservative Equity ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.1268 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This is an increase from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.1187. This represents a $0.51 annualized dividend and a dividend yield of 1.5%.

About Capital Group Conservative Equity ETF

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.