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

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

Institutional Investors Weigh In On TBG Dividend Focus ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charis Legacy Partners LLC boosted its position in TBG Dividend Focus ETF by 37.2% in the 2nd quarter. Charis Legacy Partners LLC now owns 13,518 shares of the company’s stock valued at $493,000 after buying an additional 3,665 shares during the last quarter. EverSource Wealth Advisors LLC increased its position 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 worth $3,649,000 after acquiring an additional 19,837 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of TBG Dividend Focus ETF by 138.9% during the first quarter. Geneos Wealth Management Inc. now owns 16,204 shares of the company’s stock worth $565,000 after acquiring an additional 9,421 shares during the last quarter. Team Financial Group LLC acquired a new position in shares of TBG Dividend Focus ETF in the first quarter worth about $119,000. Finally, Stokes Capital Advisors LLC lifted its stake in shares of TBG Dividend Focus ETF by 15.5% in the first quarter. Stokes Capital Advisors LLC now owns 67,138 shares of the company’s stock worth $2,340,000 after acquiring an additional 9,033 shares in the last quarter.

TBG Dividend Focus ETF Price Performance

NYSEARCA TBG traded up $0.07 on Friday, reaching $37.81. The company had a trading volume of 8,644 shares, compared to its average volume of 27,576. The firm has a market capitalization of $251.06 million, a PE ratio of 17.05 and a beta of 0.58. The firm has a 50-day moving average of $36.90 and a 200-day moving average of $35.88. TBG Dividend Focus ETF has a 1 year low of $32.21 and a 1 year high of $38.12.

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.