Short Interest in TBG Dividend Focus ETF (NYSEARCA:TBG) Declines By 27.1%

TBG Dividend Focus ETF (NYSEARCA:TBG) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 17,186 shares, a drop of 27.1% from the December 15th total of 23,576 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 29,525 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 29,525 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are sold short.

TBG Dividend Focus ETF Stock Up 0.3%

Shares of TBG stock traded up $0.11 during trading hours on Friday, reaching $34.72. 14,202 shares of the company’s stock were exchanged, compared to its average volume of 29,046. TBG Dividend Focus ETF has a fifty-two week low of $28.32 and a fifty-two week high of $34.77. The stock has a market capitalization of $210.06 million, a P/E ratio of 17.05 and a beta of 0.73. The business has a fifty day moving average price of $33.63 and a 200-day moving average price of $33.26.

Institutional Trading of TBG Dividend Focus ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. bought a new position in shares of TBG Dividend Focus ETF during the 1st quarter worth approximately $939,000. Insight Wealth Partners LLC raised its stake in TBG Dividend Focus ETF by 45.1% during the second quarter. Insight Wealth Partners LLC now owns 19,398 shares of the company’s stock worth $624,000 after acquiring an additional 6,029 shares in the last quarter. Abundance Wealth Counselors bought a new position in shares of TBG Dividend Focus ETF during the second quarter valued at $7,870,000. OneAscent Financial Services LLC bought a new position in shares of TBG Dividend Focus ETF during the third quarter valued at $954,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of TBG Dividend Focus ETF by 65.6% during the second quarter. EverSource Wealth Advisors LLC now owns 38,076 shares of the company’s stock valued at $1,225,000 after acquiring an additional 15,081 shares during the period.

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.