TBG Dividend Focus ETF (NYSEARCA:TBG) Short Interest Up 105.5% in August

TBG Dividend Focus ETF (NYSEARCA:TBG) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 65,285 shares, a growth of 105.5% from the August 15th total of 31,770 shares. Based on an average daily volume of 51,821 shares, the short-interest ratio is currently 1.3 days. Approximately 1.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in TBG Dividend Focus ETF by 23.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 104,681 shares of the company’s stock valued at $3,649,000 after acquiring an additional 19,837 shares during the period. HighTower Advisors LLC grew its position in TBG Dividend Focus ETF by 2.7% during the 4th quarter. HighTower Advisors LLC now owns 2,179,805 shares of the company’s stock worth $72,784,000 after acquiring an additional 57,340 shares during the last quarter. Insight Wealth Partners LLC increased its stake in TBG Dividend Focus ETF by 7.6% in the 2nd quarter. Insight Wealth Partners LLC now owns 65,119 shares of the company’s stock worth $2,374,000 after purchasing an additional 4,609 shares during the period. Integrated Wealth Concepts LLC bought a new stake in TBG Dividend Focus ETF in the second quarter valued at approximately $29,000. Finally, Charis Legacy Partners LLC lifted its position in TBG Dividend Focus ETF by 37.2% in the second quarter. Charis Legacy Partners LLC now owns 13,518 shares of the company’s stock valued at $493,000 after purchasing an additional 3,665 shares during the last quarter.

TBG Dividend Focus ETF Stock Performance

Shares of TBG stock traded up $0.11 on Monday, hitting $38.07. 31,874 shares of the company’s stock traded hands, compared to its average volume of 31,806. The stock has a market capitalization of $260.40 million, a price-to-earnings ratio of 17.05 and a beta of 0.56. The company’s fifty day simple moving average is $38.33 and its 200 day simple moving average is $36.88. TBG Dividend Focus ETF has a one year low of $32.33 and a one year high of $39.68.

TBG Dividend Focus ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were given a dividend of $0.2491 per share. The ex-dividend date was Monday, June 29th. This is a positive change from TBG Dividend Focus ETF’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 2.6%.

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.