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

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

TBG Dividend Focus ETF Stock Down 0.4%

Shares of TBG Dividend Focus ETF stock traded down $0.14 on Tuesday, hitting $38.94. 48,255 shares of the company’s stock traded hands, compared to its average volume of 30,818. The firm’s 50-day moving average is $38.03 and its 200 day moving average is $36.75. The stock has a market cap of $266.35 million, a P/E ratio of 17.05 and a beta of 0.56. TBG Dividend Focus ETF has a 52-week low of $32.33 and a 52-week high of $39.68.

Institutional Trading of TBG Dividend Focus ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its stake in TBG Dividend Focus ETF by 23.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 104,681 shares of the company’s stock worth $3,649,000 after buying an additional 19,837 shares during the last quarter. HighTower Advisors LLC boosted its stake in TBG Dividend Focus ETF by 2.7% during the 4th quarter. HighTower Advisors LLC now owns 2,179,805 shares of the company’s stock valued at $72,784,000 after purchasing an additional 57,340 shares during the period. Envestnet Asset Management Inc. grew its holdings in TBG Dividend Focus ETF by 14.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,342 shares of the company’s stock worth $243,000 after buying an additional 954 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in TBG Dividend Focus ETF in the 3rd quarter valued at approximately $341,000. Finally, Team Financial Group LLC bought a new stake in TBG Dividend Focus ETF during the 1st quarter valued at $119,000.

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.