TBG Dividend Focus ETF (NYSEARCA:TBG) Short Interest Update

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

TBG Dividend Focus ETF Stock Performance

Shares of NYSEARCA:TBG traded down $0.14 during trading on Tuesday, reaching $38.94. The stock had a trading volume of 48,255 shares, compared to its average volume of 30,818. The stock has a market cap of $266.35 million, a PE ratio of 17.05 and a beta of 0.56. TBG Dividend Focus ETF has a 1-year low of $32.33 and a 1-year high of $39.68. The business has a fifty day moving average price of $38.03 and a 200-day moving average price of $36.75.

Hedge Funds Weigh In On TBG Dividend Focus ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC boosted its position in shares of 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 in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of TBG Dividend Focus ETF by 23.4% during the first quarter. EverSource Wealth Advisors LLC now owns 104,681 shares of the company’s stock worth $3,649,000 after acquiring an additional 19,837 shares during the period. Stokes Capital Advisors LLC lifted its holdings in shares of TBG Dividend Focus ETF by 15.5% in the 1st quarter. Stokes Capital Advisors LLC now owns 67,138 shares of the company’s stock valued at $2,340,000 after buying an additional 9,033 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of TBG Dividend Focus ETF by 5.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 42,430 shares of the company’s stock valued at $1,417,000 after purchasing an additional 2,310 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new stake in TBG Dividend Focus ETF during the first quarter worth $939,000.

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.