TBG Dividend Focus ETF (NYSEARCA:TBG) Short Interest Up 203.1% in January

TBG Dividend Focus ETF (NYSEARCA:TBG) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 24,934 shares, an increase of 203.1% from the January 15th total of 8,225 shares. Based on an average daily volume of 30,451 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 30,451 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On TBG Dividend Focus ETF

Several hedge funds and other institutional investors have recently modified their holdings of TBG. Stokes Capital Advisors LLC grew its position in shares of TBG Dividend Focus ETF by 0.9% during the 3rd quarter. Stokes Capital Advisors LLC now owns 47,623 shares of the company’s stock valued at $1,575,000 after acquiring an additional 409 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of 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 buying an additional 954 shares during the period. Osaic Holdings Inc. purchased a new position in shares of TBG Dividend Focus ETF during the 2nd quarter valued at about $54,000. Geneos Wealth Management Inc. grew its stake in shares of TBG Dividend Focus ETF by 39.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 6,783 shares of the company’s stock valued at $226,000 after acquiring an additional 1,928 shares during the period. Finally, CWM LLC increased its holdings in TBG Dividend Focus ETF by 47.7% in the 4th quarter. CWM LLC now owns 6,734 shares of the company’s stock worth $225,000 after acquiring an additional 2,175 shares in the last quarter.

TBG Dividend Focus ETF Price Performance

Shares of TBG opened at $36.69 on Friday. The firm has a market cap of $220.87 million, a PE ratio of 17.05 and a beta of 0.73. The stock’s fifty day moving average price is $34.52 and its two-hundred day moving average price is $33.62. TBG Dividend Focus ETF has a 1 year low of $28.32 and a 1 year high of $36.97.

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.