Short Interest in Capital Group Dividend Growers ETF (NYSEARCA:CGDG) Expands By 297.6%

Capital Group Dividend Growers ETF (NYSEARCA:CGDG) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 198,145 shares, an increase of 297.6% from the March 15th total of 49,838 shares. Based on an average daily volume of 776,856 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Capital Group Dividend Growers ETF Stock Down 0.0%

NYSEARCA:CGDG traded down $0.01 during midday trading on Friday, hitting $37.07. The stock had a trading volume of 561,022 shares, compared to its average volume of 851,097. Capital Group Dividend Growers ETF has a one year low of $29.19 and a one year high of $38.00. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 20.18 and a beta of 0.58. The stock has a 50-day moving average of $36.68 and a 200 day moving average of $35.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CGDG. Advance Capital Management Inc. grew its holdings in Capital Group Dividend Growers ETF by 96.6% during the 3rd quarter. Advance Capital Management Inc. now owns 5,249,253 shares of the company’s stock worth $181,887,000 after acquiring an additional 2,579,574 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Capital Group Dividend Growers ETF by 37.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 8,036,810 shares of the company’s stock worth $278,475,000 after acquiring an additional 2,194,089 shares in the last quarter. LPL Financial LLC grew its holdings in Capital Group Dividend Growers ETF by 25.0% during the 4th quarter. LPL Financial LLC now owns 9,651,113 shares of the company’s stock worth $343,966,000 after acquiring an additional 1,929,512 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Capital Group Dividend Growers ETF by 146.0% in the 4th quarter. Wells Fargo & Company MN now owns 2,755,585 shares of the company’s stock worth $98,209,000 after purchasing an additional 1,635,584 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Capital Group Dividend Growers ETF by 166.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,011,123 shares of the company’s stock worth $77,024,000 after acquiring an additional 1,255,064 shares during the period.

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.