Short Interest in TBG Dividend Focus ETF (NYSEARCA:TBG) Drops By 35.6%

TBG Dividend Focus ETF (NYSEARCA:TBG) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 10,821 shares, a drop of 35.6% from the February 26th total of 16,807 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 30,979 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On TBG Dividend Focus ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada acquired a new stake in shares of TBG Dividend Focus ETF in the 4th quarter valued at about $25,000. Osaic Holdings Inc. acquired a new position in shares of TBG Dividend Focus ETF during the second quarter worth about $54,000. CWM LLC acquired a new position in shares of TBG Dividend Focus ETF during the third quarter worth about $151,000. Geneos Wealth Management Inc. grew its holdings in shares of TBG Dividend Focus ETF by 3,032.3% during the third quarter. Geneos Wealth Management Inc. now owns 4,855 shares of the company’s stock worth $161,000 after buying an additional 4,700 shares in the last quarter. Finally, Keel Point LLC bought a new position in shares of TBG Dividend Focus ETF during the third quarter worth about $208,000.

TBG Dividend Focus ETF Stock Performance

TBG opened at $34.60 on Friday. TBG Dividend Focus ETF has a 52 week low of $28.32 and a 52 week high of $36.97. The firm has a market capitalization of $208.29 million, a PE ratio of 17.05 and a beta of 0.73. The company has a fifty day moving average price of $35.69 and a two-hundred day moving average price of $34.17.

About TBG Dividend Focus ETF

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.