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

TBG Dividend Focus ETF (NYSEARCA:TBG) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 65,285 shares, a growth of 105.5% from the August 15th total of 31,770 shares. Based on an average daily volume of 51,821 shares, the short-interest ratio is currently 1.3 days. Currently, 1.0% of the shares of the stock are sold short.

TBG Dividend Focus ETF Stock Down 0.4%

NYSEARCA:TBG traded down $0.16 on Tuesday, reaching $37.91. The stock had a trading volume of 33,525 shares, compared to its average volume of 31,792. The company has a market capitalization of $259.30 million, a P/E 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 stock has a fifty day moving average price of $38.35 and a 200-day moving average price of $36.89.

TBG Dividend Focus ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were paid a $0.2491 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from TBG Dividend Focus ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, June 29th.

Institutional Investors Weigh In On TBG Dividend Focus ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TBG. Integrated Wealth Concepts LLC acquired a new position in TBG Dividend Focus ETF in the second quarter worth $29,000. Team Financial Group LLC bought a new position in shares of TBG Dividend Focus ETF in the first quarter valued at about $119,000. Charis Legacy Partners LLC lifted its position in TBG Dividend Focus ETF by 37.2% during the 2nd quarter. Charis Legacy Partners LLC now owns 13,518 shares of the company’s stock worth $493,000 after buying an additional 3,665 shares in the last quarter. Insight Wealth Partners LLC lifted its position in TBG Dividend Focus ETF by 7.6% during the 2nd quarter. Insight Wealth Partners LLC now owns 65,119 shares of the company’s stock worth $2,374,000 after buying an additional 4,609 shares in the last quarter. Finally, Stokes Capital Advisors LLC grew its holdings in TBG Dividend Focus ETF by 15.5% during the 1st quarter. Stokes Capital Advisors LLC now owns 67,138 shares of the company’s stock worth $2,340,000 after acquiring an additional 9,033 shares during the last quarter.

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.