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

TBG Dividend Focus ETF (NYSEARCA:TBG) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 48,467 shares, a drop of 41.7% from the June 30th total of 83,101 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 23,495 shares, the short-interest ratio is presently 2.1 days.

TBG Dividend Focus ETF Stock Performance

Shares of NYSEARCA:TBG traded down $0.01 during mid-day trading on Friday, hitting $38.09. The stock had a trading volume of 27,643 shares, compared to its average volume of 27,845. The company’s 50 day moving average is $37.20 and its 200-day moving average is $36.19. TBG Dividend Focus ETF has a 12-month low of $32.21 and a 12-month high of $38.82. The company has a market cap of $260.54 million, a PE ratio of 17.05 and a beta of 0.58.

Institutional Trading of TBG Dividend Focus ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada purchased a new position in shares of TBG Dividend Focus ETF during the fourth quarter valued at $25,000. Osaic Holdings Inc. purchased a new stake in TBG Dividend Focus ETF in the 2nd quarter worth about $54,000. Team Financial Group LLC acquired a new stake in TBG Dividend Focus ETF during the 1st quarter worth about $119,000. CWM LLC boosted its position in TBG Dividend Focus ETF by 47.7% during the 4th quarter. CWM LLC now owns 6,734 shares of the company’s stock worth $225,000 after acquiring an additional 2,175 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in TBG Dividend Focus ETF by 39.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 6,783 shares of the company’s stock valued at $226,000 after acquiring an additional 1,928 shares in the last quarter.

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.