TBG Dividend Focus ETF (NYSEARCA:TBG) Short Interest Up 201.3% in May

TBG Dividend Focus ETF (NYSEARCA:TBG) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 59,136 shares, an increase of 201.3% from the April 30th total of 19,626 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily volume of 25,134 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Investors Weigh In On TBG Dividend Focus ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC increased its holdings in shares of TBG Dividend Focus ETF by 2.7% during the fourth quarter. HighTower Advisors LLC now owns 2,179,805 shares of the company’s stock valued at $72,784,000 after acquiring an additional 57,340 shares in the last quarter. Abundance Wealth Counselors increased its holdings in shares of 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 acquiring an additional 566,912 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of TBG Dividend Focus ETF by 23.4% during the first quarter. EverSource Wealth Advisors LLC now owns 104,681 shares of the company’s stock valued at $3,649,000 after acquiring an additional 19,837 shares in the last quarter. Boyer Financial Services Inc. bought a new stake in shares of TBG Dividend Focus ETF during the fourth quarter valued at approximately $2,309,000. Finally, Stokes Capital Advisors LLC increased its holdings in shares of TBG Dividend Focus ETF by 15.5% during the first quarter. Stokes Capital Advisors LLC now owns 67,138 shares of the company’s stock valued at $2,340,000 after acquiring an additional 9,033 shares in the last quarter.

TBG Dividend Focus ETF Stock Performance

Shares of NYSEARCA TBG traded down $0.03 during midday trading on Friday, hitting $36.97. 37,819 shares of the stock traded hands, compared to its average volume of 29,375. The company has a market cap of $234.39 million, a PE ratio of 17.05 and a beta of 0.59. TBG Dividend Focus ETF has a one year low of $31.35 and a one year high of $37.35. The business has a 50 day moving average price of $35.73 and a two-hundred day moving average price of $35.03.

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.