TBG Dividend Focus ETF (NYSEARCA:TBG) Short Interest Update

TBG Dividend Focus ETF (NYSEARCA:TBG) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 22,233 shares, a growth of 105.5% from the March 15th total of 10,821 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 23,048 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in shares of TBG Dividend Focus ETF by 69.5% during the third quarter. EverSource Wealth Advisors LLC now owns 64,542 shares of the company’s stock worth $2,134,000 after buying an additional 26,466 shares during the period. OneAscent Wealth Management LLC purchased a new position in shares of TBG Dividend Focus ETF during the third quarter worth $3,614,000. OneAscent Financial Services LLC purchased a new position in shares of TBG Dividend Focus ETF during the third quarter worth $2,920,000. HighTower Advisors LLC boosted its holdings in TBG Dividend Focus ETF by 22.1% in the third quarter. HighTower Advisors LLC now owns 2,122,465 shares of the company’s stock valued at $70,190,000 after purchasing an additional 383,717 shares during the period. Finally, OneAscent Family Office LLC purchased a new position in TBG Dividend Focus ETF in the third quarter valued at $375,000.

TBG Dividend Focus ETF Stock Up 0.5%

Shares of TBG Dividend Focus ETF stock traded up $0.17 during mid-day trading on Monday, reaching $35.42. 19,978 shares of the stock traded hands, compared to its average volume of 28,997. The business has a 50-day moving average of $35.72 and a 200 day moving average of $34.28. TBG Dividend Focus ETF has a fifty-two week low of $29.42 and a fifty-two week high of $36.97. The stock has a market capitalization of $230.23 million, a PE ratio of 17.05 and a beta of 0.69.

TBG Dividend Focus ETF Company Profile

The TBG Dividend Focus ETF (TBG) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed portfolio of dividend-paying US companies selected using fundamental analysis. The fund seeks to provide income and long-term capital appreciation TBG was launched on Nov 6, 2023 and is issued by EA Series Trust.