TBG Dividend Focus ETF (NYSEARCA:TBG – Get Free Report) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 48,467 shares, a decline of 41.7% from the June 30th total of 83,101 shares. Based on an average trading volume of 23,495 shares, the short-interest ratio is presently 2.1 days. Approximately 0.7% of the shares of the stock are short sold.
TBG Dividend Focus ETF Price Performance
Shares of TBG traded down $0.30 on Thursday, hitting $38.10. The company’s stock had a trading volume of 30,207 shares, compared to its average volume of 27,836. The company has a market capitalization of $260.60 million, a PE ratio of 17.05 and a beta of 0.58. TBG Dividend Focus ETF has a fifty-two week low of $32.21 and a fifty-two week high of $38.82. The company has a 50 day moving average price of $37.16 and a 200 day moving average price of $36.15.
Hedge Funds Weigh In On TBG Dividend Focus ETF
A number of institutional investors and hedge funds have recently bought and sold shares of TBG. Goldman Sachs Group Inc. bought a new stake in shares of TBG Dividend Focus ETF during the first quarter worth $939,000. Jane Street Group LLC acquired a new position in TBG Dividend Focus ETF during the 1st quarter worth about $239,000. Vivaldi Capital Management LP acquired a new position in TBG Dividend Focus ETF during the 2nd quarter worth about $255,000. Osaic Holdings Inc. bought a new stake in TBG Dividend Focus ETF during the 2nd quarter worth about $54,000. Finally, Envestnet Asset Management Inc. grew 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 worth $243,000 after acquiring an additional 954 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.
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