Short Interest in TBG Dividend Focus ETF (NYSEARCA:TBG) Drops By 52.1%

TBG Dividend Focus ETF (NYSEARCA:TBG) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 8,225 shares, a decrease of 52.1% from the December 31st total of 17,186 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 30,579 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 30,579 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On TBG Dividend Focus ETF

Institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. purchased a new position in TBG Dividend Focus ETF during the first quarter worth approximately $939,000. Jane Street Group LLC acquired a new stake in shares of TBG Dividend Focus ETF during the 1st quarter worth $239,000. Abundance Wealth Counselors purchased a new position in shares of TBG Dividend Focus ETF in the 2nd quarter worth $7,870,000. Insight Wealth Partners LLC boosted its holdings in TBG Dividend Focus ETF by 45.1% in the second quarter. Insight Wealth Partners LLC now owns 19,398 shares of the company’s stock valued at $624,000 after acquiring an additional 6,029 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in TBG Dividend Focus ETF by 65.6% during the second quarter. EverSource Wealth Advisors LLC now owns 38,076 shares of the company’s stock valued at $1,225,000 after acquiring an additional 15,081 shares during the period.

TBG Dividend Focus ETF Price Performance

NYSEARCA:TBG traded up $0.31 during mid-day trading on Friday, reaching $35.36. The company’s stock had a trading volume of 39,709 shares, compared to its average volume of 30,470. The stock has a market cap of $212.87 million, a P/E ratio of 17.05 and a beta of 0.73. The company’s fifty day simple moving average is $33.98 and its two-hundred day simple moving average is $33.39. TBG Dividend Focus ETF has a twelve month low of $28.32 and a twelve month high of $35.36.

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.