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

TBG Dividend Focus ETF (NYSEARCA:TBG) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 17,186 shares, a drop of 27.1% from the December 15th total of 23,576 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 29,525 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 29,525 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On TBG Dividend Focus ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. purchased a new position in TBG Dividend Focus ETF in the 2nd quarter valued at about $54,000. CWM LLC purchased a new position in TBG Dividend Focus ETF in the third quarter valued at about $151,000. Geneos Wealth Management Inc. boosted its holdings in TBG Dividend Focus ETF by 3,032.3% in the third quarter. Geneos Wealth Management Inc. now owns 4,855 shares of the company’s stock valued at $161,000 after purchasing an additional 4,700 shares during the last quarter. Keel Point LLC acquired a new stake in TBG Dividend Focus ETF during the 3rd quarter valued at approximately $208,000. Finally, Jane Street Group LLC purchased a new stake in TBG Dividend Focus ETF during the 1st quarter worth approximately $239,000.

TBG Dividend Focus ETF Price Performance

NYSEARCA TBG traded up $0.11 on Friday, reaching $34.72. The company had a trading volume of 14,202 shares, compared to its average volume of 29,046. TBG Dividend Focus ETF has a 1 year low of $28.32 and a 1 year high of $34.77. The firm has a 50-day moving average of $33.63 and a 200-day moving average of $33.26. The firm has a market capitalization of $210.06 million, a PE 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.