TBG Dividend Focus ETF (NYSEARCA:TBG) Short Interest Down 24.4% in February

TBG Dividend Focus ETF (NYSEARCA:TBG) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 16,807 shares, a drop of 24.4% from the February 12th total of 22,233 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 29,644 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 29,644 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On TBG Dividend Focus ETF

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada bought a new stake in shares of TBG Dividend Focus ETF during the 4th quarter worth $25,000. Osaic Holdings Inc. bought a new position in TBG Dividend Focus ETF in the second quarter valued at about $54,000. CWM LLC acquired a new position in TBG Dividend Focus ETF during the third quarter worth about $151,000. Geneos Wealth Management Inc. raised its stake in TBG Dividend Focus ETF by 3,032.3% during the third quarter. Geneos Wealth Management Inc. now owns 4,855 shares of the company’s stock worth $161,000 after acquiring an additional 4,700 shares in the last quarter. Finally, Keel Point LLC bought a new position in shares of TBG Dividend Focus ETF in the third quarter worth about $208,000.

TBG Dividend Focus ETF Price Performance

TBG traded up $0.10 during trading on Friday, hitting $35.20. 35,501 shares of the stock traded hands, compared to its average volume of 30,255. The business has a 50 day moving average price of $35.53 and a 200 day moving average price of $34.07. TBG Dividend Focus ETF has a twelve month low of $28.32 and a twelve month high of $36.97. The company 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.