Short Interest in TBG Dividend Focus ETF (NYSEARCA:TBG) Drops By 35.6%

TBG Dividend Focus ETF (NYSEARCA:TBG) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 10,821 shares, a drop of 35.6% from the February 26th total of 16,807 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 30,979 shares, the short-interest ratio is currently 0.3 days.

TBG Dividend Focus ETF Stock Down 0.7%

NYSEARCA TBG traded down $0.26 on Friday, reaching $34.60. The company had a trading volume of 10,247 shares, compared to its average volume of 28,414. The stock has a market capitalization of $208.29 million, a PE ratio of 17.05 and a beta of 0.73. TBG Dividend Focus ETF has a 12 month low of $28.32 and a 12 month high of $36.97. The firm’s 50 day moving average price is $35.69 and its 200 day moving average price is $34.18.

Institutional Investors Weigh In On TBG Dividend Focus ETF

Several large investors have recently made changes to their positions in TBG. Abundance Wealth Counselors boosted its stake in TBG Dividend Focus ETF by 221.3% during the fourth quarter. Abundance Wealth Counselors now owns 823,095 shares of the company’s stock valued at $27,483,000 after buying an additional 566,912 shares during the last quarter. HighTower Advisors LLC increased its stake in TBG Dividend Focus ETF by 22.1% in the 3rd quarter. HighTower Advisors LLC now owns 2,122,465 shares of the company’s stock worth $70,190,000 after acquiring an additional 383,717 shares during the last quarter. OneAscent Wealth Management LLC purchased a new stake in shares of TBG Dividend Focus ETF during the 3rd quarter worth approximately $3,614,000. OneAscent Financial Services LLC bought a new position in shares of TBG Dividend Focus ETF during the 3rd quarter valued at approximately $2,920,000. Finally, Boyer Financial Services Inc. bought a new position in shares of TBG Dividend Focus ETF during the 4th quarter valued at approximately $2,309,000.

About TBG Dividend Focus ETF

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.