TBG Dividend Focus ETF (NYSEARCA:TBG) Sees Significant Increase in Short Interest

TBG Dividend Focus ETF (NYSEARCA:TBG) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 28,549 shares, a growth of 28.4% from the March 31st total of 22,233 shares. Based on an average daily volume of 30,946 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.4% of the company’s stock are short sold.

TBG Dividend Focus ETF Price Performance

Shares of TBG traded down $0.13 during midday trading on Wednesday, hitting $35.45. The stock had a trading volume of 20,857 shares, compared to its average volume of 30,369. The company has a 50 day simple moving average of $35.54 and a two-hundred day simple moving average of $34.50. The firm has a market cap of $223.69 million, a price-to-earnings ratio of 17.05 and a beta of 0.69. TBG Dividend Focus ETF has a twelve month low of $30.41 and a twelve month high of $36.97.

Institutional Trading of TBG Dividend Focus ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC increased its position in shares of TBG Dividend Focus ETF by 2.7% in the fourth quarter. HighTower Advisors LLC now owns 2,179,805 shares of the company’s stock valued at $72,784,000 after acquiring an additional 57,340 shares during the last quarter. Abundance Wealth Counselors increased its position in shares of TBG Dividend Focus ETF by 221.3% in the fourth quarter. Abundance Wealth Counselors now owns 823,095 shares of the company’s stock valued at $27,483,000 after acquiring an additional 566,912 shares during the last quarter. OneAscent Wealth Management LLC acquired a new stake in shares of TBG Dividend Focus ETF in the third quarter valued at about $3,614,000. OneAscent Financial Services LLC acquired a new stake in shares of TBG Dividend Focus ETF in the third quarter valued at about $2,920,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of TBG Dividend Focus ETF by 31.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 84,844 shares of the company’s stock valued at $2,833,000 after acquiring an additional 20,302 shares during the last quarter.

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.