Capital Group Conservative Equity ETF (NYSEARCA:CGCV – Get Free Report) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 303,069 shares, a drop of 39.5% from the June 15th total of 501,167 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 497,046 shares, the short-interest ratio is currently 0.6 days.
Hedge Funds Weigh In On Capital Group Conservative Equity ETF
Several hedge funds have recently made changes to their positions in the business. Comerica Bank grew its holdings in shares of Capital Group Conservative Equity ETF by 156.4% in the 3rd quarter. Comerica Bank now owns 905 shares of the company’s stock valued at $27,000 after acquiring an additional 552 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in Capital Group Conservative Equity ETF in the 4th quarter valued at about $28,000. Sunbelt Securities Inc. acquired a new position in shares of Capital Group Conservative Equity ETF in the third quarter valued at approximately $30,000. IAG Wealth Partners LLC bought a new position in Capital Group Conservative Equity ETF during the 1st quarter worth $37,000. Finally, NewEdge Advisors LLC bought a new position in Capital Group Conservative Equity ETF during the first quarter worth about $42,000.
Capital Group Conservative Equity ETF Stock Performance
Shares of CGCV opened at $32.88 on Friday. The firm has a market cap of $1.90 billion, a P/E ratio of 23.69 and a beta of 0.65. Capital Group Conservative Equity ETF has a twelve month low of $28.62 and a twelve month high of $33.16. The firm’s 50 day moving average price is $32.36 and its two-hundred day moving average price is $31.45.
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.
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