TBG Dividend Focus ETF (NYSEARCA:TBG) Sees Significant Decline in Short Interest

TBG Dividend Focus ETF (NYSEARCA:TBG) was the target of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 16,807 shares, a decrease of 24.4% from the February 12th total of 22,233 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 29,644 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 29,644 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are short sold.

TBG Dividend Focus ETF Stock Up 0.4%

Shares of NYSEARCA TBG traded up $0.13 during trading on Monday, reaching $35.33. The company had a trading volume of 38,031 shares, compared to its average volume of 30,411. TBG Dividend Focus ETF has a 12-month low of $28.32 and a 12-month high of $36.97. The business’s 50-day moving average is $35.53 and its 200 day moving average is $34.08. The stock has a market cap of $212.69 million, a PE ratio of 17.05 and a beta of 0.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada bought a new position in shares of TBG Dividend Focus ETF during the 4th quarter valued at $25,000. Jane Street Group LLC bought a new stake in shares of TBG Dividend Focus ETF in the fourth quarter worth $343,000. Commonwealth Equity Services LLC increased its position in TBG Dividend Focus ETF by 5.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 42,430 shares of the company’s stock valued at $1,417,000 after acquiring an additional 2,310 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in TBG Dividend Focus ETF by 31.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 84,844 shares of the company’s stock valued at $2,833,000 after acquiring an additional 20,302 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in TBG Dividend Focus ETF by 2.7% in the fourth quarter. HighTower Advisors LLC now owns 2,179,805 shares of the company’s stock valued at $72,784,000 after acquiring an additional 57,340 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.