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

by · The Markets Daily

TBG Dividend Focus ETF (NYSEARCA:TBG – Get Free Report) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 8,225 shares, a decrease of 52.1% from the December 31st total of 17,186 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 30,579 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 30,579 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

TBG Dividend Focus ETF Stock Performance

Shares of NYSEARCA TBG traded up $0.31 during trading on Friday, reaching $35.36. The stock had a trading volume of 39,709 shares, compared to its average volume of 30,470. The stock has a market cap of $212.87 million, a PE ratio of 17.05 and a beta of 0.73. TBG Dividend Focus ETF has a one year low of $28.32 and a one year high of $35.36. The firm’s 50 day moving average price is $33.98 and its two-hundred day moving average price is $33.39.

Institutional Trading of TBG Dividend Focus ETF

A number of hedge funds have recently bought and sold shares of the company. Boyer Financial Services Inc. purchased a new position in shares of TBG Dividend Focus ETF during the 4th quarter valued at $2,309,000. Geneos Wealth Management Inc. boosted its position in TBG Dividend Focus ETF by 39.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 6,783 shares of the company’s stock valued at $226,000 after purchasing an additional 1,928 shares during the last quarter. CWM LLC grew its stake in TBG Dividend Focus ETF by 47.7% in the fourth quarter. CWM LLC now owns 6,734 shares of the company’s stock valued at $225,000 after purchasing an additional 2,175 shares in the last quarter. Abundance Wealth Counselors increased its position in TBG Dividend Focus ETF by 221.3% in the 4th quarter. Abundance Wealth Counselors now owns 823,095 shares of the company’s stock worth $27,483,000 after purchasing an additional 566,912 shares during the last quarter. Finally, Stokes Capital Advisors LLC increased its position in TBG Dividend Focus ETF by 22.0% in the 4th quarter. Stokes Capital Advisors LLC now owns 58,105 shares of the company’s stock worth $1,940,000 after purchasing an additional 10,482 shares during the last quarter.

About TBG Dividend Focus ETF

(Get Free Report)

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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