TBG Dividend Focus ETF (NYSEARCA:TBG) Short Interest Up 105.5% in August

TBG Dividend Focus ETF (NYSEARCA:TBG) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 65,285 shares, an increase of 105.5% from the August 15th total of 31,770 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 51,821 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Insight Wealth Partners LLC grew its position in shares of TBG Dividend Focus ETF by 7.6% in the second quarter. Insight Wealth Partners LLC now owns 65,119 shares of the company’s stock valued at $2,374,000 after purchasing an additional 4,609 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in TBG Dividend Focus ETF in the 2nd quarter worth about $29,000. Charis Legacy Partners LLC grew its holdings 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 period. EverSource Wealth Advisors LLC increased its stake in shares of TBG Dividend Focus ETF by 23.4% during the 1st 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 during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of TBG Dividend Focus ETF by 138.9% during the 1st 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 period.

TBG Dividend Focus ETF Stock Down 0.2%

Shares of NYSEARCA:TBG traded down $0.08 during trading on Wednesday, reaching $37.83. The stock had a trading volume of 7,067 shares, compared to its average volume of 31,684. The stock has a market cap of $258.76 million, a P/E ratio of 17.05 and a beta of 0.56. The business has a fifty day moving average price of $38.35 and a 200-day moving average price of $36.90. TBG Dividend Focus ETF has a fifty-two week low of $32.33 and a fifty-two week high of $39.68.

TBG Dividend Focus ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were issued a $0.2491 dividend. This is a boost from TBG Dividend Focus ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, June 29th. This represents a $1.00 annualized dividend and a yield of 2.6%.

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.