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

TBG Dividend Focus ETF (NYSEARCA:TBG) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 83,101 shares, a decrease of 37.2% from the June 15th total of 132,347 shares. Based on an average daily volume of 21,148 shares, the short-interest ratio is currently 3.9 days. Approximately 1.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada bought a new stake in shares of TBG Dividend Focus ETF in the 4th quarter worth about $25,000. Envestnet Asset Management Inc. lifted its position in shares of TBG Dividend Focus ETF by 14.9% during the third quarter. Envestnet Asset Management Inc. now owns 7,342 shares of the company’s stock worth $243,000 after purchasing an additional 954 shares during the last quarter. Osaic Holdings Inc. acquired a new position in TBG Dividend Focus ETF in the second quarter worth about $54,000. Geneos Wealth Management Inc. increased its holdings in TBG Dividend Focus ETF by 39.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 6,783 shares of the company’s stock valued at $226,000 after buying an additional 1,928 shares during the last quarter. Finally, CWM LLC increased its holdings in TBG Dividend Focus ETF by 47.7% in the fourth quarter. CWM LLC now owns 6,734 shares of the company’s stock valued at $225,000 after buying an additional 2,175 shares during the last quarter.

TBG Dividend Focus ETF Stock Up 0.2%

Shares of TBG Dividend Focus ETF stock traded up $0.07 on Friday, hitting $37.81. 8,644 shares of the company’s stock traded hands, compared to its average volume of 27,576. TBG Dividend Focus ETF has a 52-week low of $32.21 and a 52-week high of $38.12. The stock has a market cap of $251.06 million, a P/E ratio of 17.05 and a beta of 0.58. The firm’s 50-day moving average is $36.90 and its 200 day moving average is $35.88.

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.