TBG Dividend Focus ETF (NYSEARCA:TBG) Short Interest Update

TBG Dividend Focus ETF (NYSEARCA:TBG) saw a large decline in short interest during the month of 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 shares of the company are sold short. Based on an average daily volume of 21,148 shares, the short-interest ratio is presently 3.9 days.

Institutional Trading of TBG Dividend Focus ETF

Several institutional investors and hedge funds have recently bought and sold shares of TBG. Goldman Sachs Group Inc. acquired a new stake in shares of TBG Dividend Focus ETF in the first quarter valued at approximately $939,000. Jane Street Group LLC acquired a new position in shares of TBG Dividend Focus ETF during the 1st quarter worth approximately $239,000. Vivaldi Capital Management LP bought a new stake in TBG Dividend Focus ETF in the 2nd quarter valued at $255,000. Osaic Holdings Inc. bought a new stake in TBG Dividend Focus ETF in the 2nd quarter valued at $54,000. Finally, Envestnet Asset Management Inc. lifted its holdings in TBG Dividend Focus ETF by 14.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,342 shares of the company’s stock valued at $243,000 after purchasing an additional 954 shares during the last quarter.

TBG Dividend Focus ETF Stock Performance

Shares of TBG stock opened at $37.54 on Friday. The firm’s 50-day moving average is $36.93 and its 200-day moving average is $35.89. The stock has a market cap of $252.27 million, a price-to-earnings ratio of 17.05 and a beta of 0.58. TBG Dividend Focus ETF has a 52-week low of $32.21 and a 52-week 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.