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

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

Institutional Trading of TBG Dividend Focus ETF

A number of institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC grew its holdings 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 worth $72,784,000 after acquiring an additional 57,340 shares during the period. Abundance Wealth Counselors lifted its stake in shares of TBG Dividend Focus ETF by 221.3% in the 4th quarter. Abundance Wealth Counselors now owns 823,095 shares of the company’s stock valued at $27,483,000 after purchasing an additional 566,912 shares during the period. OneAscent Wealth Management LLC bought a new stake in shares of TBG Dividend Focus ETF during the 3rd quarter valued at about $3,614,000. OneAscent Financial Services LLC bought a new stake in shares of TBG Dividend Focus ETF during the 3rd quarter valued at about $2,920,000. Finally, EverSource Wealth Advisors LLC grew its stake 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 worth $2,833,000 after purchasing an additional 20,302 shares during the period.

TBG Dividend Focus ETF Stock Performance

Shares of NYSEARCA:TBG traded up $0.10 during trading on Friday, reaching $35.20. The stock had a trading volume of 35,501 shares, compared to its average volume of 30,255. TBG Dividend Focus ETF has a 52 week low of $28.32 and a 52 week high of $36.97. The firm’s fifty day moving average is $35.53 and its 200 day moving average is $34.07. The stock has a market cap of $211.90 million, a price-to-earnings ratio of 17.05 and a beta of 0.73.

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.