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

TBG Dividend Focus ETF (NYSEARCA:TBG) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 31,770 shares, a decrease of 33.8% from the July 30th total of 48,023 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 49,187 shares, the short-interest ratio is currently 0.6 days.

TBG Dividend Focus ETF Price Performance

TBG opened at $39.02 on Thursday. TBG Dividend Focus ETF has a fifty-two week low of $32.33 and a fifty-two week high of $39.68. The firm has a market capitalization of $266.90 million, a P/E ratio of 17.05 and a beta of 0.56. The company’s 50-day moving average is $38.12 and its 200 day moving average is $36.79.

Hedge Funds Weigh In On TBG Dividend Focus ETF

Several hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. purchased a new position in shares of TBG Dividend Focus ETF in the 1st quarter worth approximately $939,000. Jane Street Group LLC purchased a new stake in shares of TBG Dividend Focus ETF during the first quarter valued at approximately $239,000. Vivaldi Capital Management LP bought a new stake in TBG Dividend Focus ETF during the second quarter worth $255,000. Osaic Holdings Inc. bought a new stake in TBG Dividend Focus ETF during the second quarter worth $54,000. Finally, Envestnet Asset Management Inc. boosted its position in TBG Dividend Focus ETF by 14.9% in 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.

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.