Short Interest in TBG Dividend Focus ETF (NYSEARCA:TBG) Grows By 203.1%

TBG Dividend Focus ETF (NYSEARCA:TBG) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 24,934 shares, a growth of 203.1% from the January 15th total of 8,225 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 30,451 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 30,451 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On TBG Dividend Focus ETF

Several institutional investors have recently modified their holdings of the company. Stokes Capital Advisors LLC increased its stake in TBG Dividend Focus ETF by 0.9% in the 3rd quarter. Stokes Capital Advisors LLC now owns 47,623 shares of the company’s stock valued at $1,575,000 after purchasing an additional 409 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in TBG Dividend Focus ETF by 14.9% during the third quarter. Envestnet Asset Management Inc. now owns 7,342 shares of the company’s stock worth $243,000 after purchasing an additional 954 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in TBG Dividend Focus ETF during the second quarter worth $54,000. Geneos Wealth Management Inc. grew its holdings in TBG Dividend Focus ETF by 39.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 6,783 shares of the company’s stock valued at $226,000 after purchasing an additional 1,928 shares during the last quarter. Finally, CWM LLC increased its position in shares of TBG Dividend Focus ETF by 47.7% in the fourth quarter. CWM LLC now owns 6,734 shares of the company’s stock valued at $225,000 after buying an additional 2,175 shares in the last quarter.

TBG Dividend Focus ETF Stock Performance

TBG stock traded up $0.26 during trading on Friday, reaching $36.69. 15,044 shares of the company were exchanged, compared to its average volume of 30,231. The company has a market cap of $220.87 million, a P/E ratio of 17.05 and a beta of 0.73. TBG Dividend Focus ETF has a 52-week low of $28.32 and a 52-week high of $36.97. The stock’s 50 day moving average price is $34.52 and its 200 day moving average price is $33.62.

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.