Short Interest in TBG Dividend Focus ETF (NYSEARCA:TBG) Drops By 33.8%

TBG Dividend Focus ETF (NYSEARCA:TBG) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 31,770 shares, a decline of 33.8% from the July 30th total of 48,023 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 49,187 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TBG. Charis Legacy Partners LLC boosted its position in shares of TBG Dividend Focus ETF by 37.2% in the second quarter. Charis Legacy Partners LLC now owns 13,518 shares of the company’s stock worth $493,000 after acquiring an additional 3,665 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in TBG Dividend Focus ETF by 23.4% during the first quarter. EverSource Wealth Advisors LLC now owns 104,681 shares of the company’s stock worth $3,649,000 after purchasing an additional 19,837 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in TBG Dividend Focus ETF by 138.9% during the first quarter. Geneos Wealth Management Inc. now owns 16,204 shares of the company’s stock worth $565,000 after purchasing an additional 9,421 shares during the period. Team Financial Group LLC purchased a new position in TBG Dividend Focus ETF during the first quarter worth approximately $119,000. Finally, Stokes Capital Advisors LLC boosted its holdings in shares of TBG Dividend Focus ETF by 15.5% in the 1st quarter. Stokes Capital Advisors LLC now owns 67,138 shares of the company’s stock valued at $2,340,000 after purchasing an additional 9,033 shares during the last quarter.

TBG Dividend Focus ETF Stock Performance

NYSEARCA TBG traded up $0.12 during trading hours on Wednesday, hitting $39.06. 25,196 shares of the company’s stock were exchanged, compared to its average volume of 30,781. The business’s 50 day moving average is $38.07 and its 200-day moving average is $36.77. TBG Dividend Focus ETF has a 12-month low of $32.33 and a 12-month high of $39.68. The firm has a market capitalization of $267.17 million, a P/E ratio of 17.05 and a beta of 0.56.

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.