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

TBG Dividend Focus ETF (NYSEARCA:TBG) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 48,467 shares, a drop of 41.7% from the June 30th total of 83,101 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 23,495 shares, the short-interest ratio is presently 2.1 days.

TBG Dividend Focus ETF Stock Down 0.8%

NYSEARCA:TBG traded down $0.30 during trading hours on Thursday, hitting $38.10. 30,207 shares of the stock were exchanged, compared to its average volume of 27,836. The company’s 50 day moving average is $37.16 and its two-hundred day moving average is $36.15. TBG Dividend Focus ETF has a twelve month low of $32.21 and a twelve month high of $38.82. The company has a market capitalization of $260.60 million, a P/E ratio of 17.05 and a beta of 0.58.

Hedge Funds Weigh In On TBG Dividend Focus ETF

Several large investors have recently made changes to their positions in TBG. Royal Bank of Canada acquired a new stake in TBG Dividend Focus ETF in the fourth quarter worth about $25,000. Osaic Holdings Inc. acquired a new position in TBG Dividend Focus ETF during the 2nd quarter valued at about $54,000. Team Financial Group LLC bought a new position in shares of TBG Dividend Focus ETF in the 1st quarter valued at about $119,000. CWM LLC boosted its stake in shares of TBG Dividend Focus ETF by 47.7% in the 4th quarter. CWM LLC now owns 6,734 shares of the company’s stock valued at $225,000 after purchasing an additional 2,175 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of TBG Dividend Focus ETF by 39.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 6,783 shares of the company’s stock worth $226,000 after buying an additional 1,928 shares during the period.

TBG Dividend Focus ETF Company Profile

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.