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

TBG Dividend Focus ETF (NYSEARCA:TBG) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 40,800 shares, agrowthof50.6% from the July 15th total of 27,100 shares. Based on an average trading volume of 34,200 shares, the days-to-cover ratio is currently 1.2 days. Currently,0.8% of the shares of the stock are short sold. Currently,0.8% of the shares of the stock are short sold. Based on an average trading volume of 34,200 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On TBG Dividend Focus ETF

A number of institutional investors and hedge funds have recently modified their holdings of TBG. Jane Street Group LLC acquired a new position in shares of TBG Dividend Focus ETF in the 1st quarter valued at $239,000. Vivaldi Capital Management LP acquired a new stake in TBG Dividend Focus ETF during the 2nd quarter worth about $255,000. Concourse Financial Group Securities Inc. lifted its stake in TBG Dividend Focus ETF by 40.4% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 8,297 shares of the company’s stock valued at $274,000 after buying an additional 2,389 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of TBG Dividend Focus ETF in the first quarter worth about $277,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of TBG Dividend Focus ETF by 56.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,062 shares of the company’s stock worth $395,000 after buying an additional 4,351 shares during the period.

TBG Dividend Focus ETF Stock Performance

Shares of NYSEARCA:TBG opened at $33.31 on Thursday. The stock has a market capitalization of $164.55 million, a price-to-earnings ratio of 17.05 and a beta of 0.55. TBG Dividend Focus ETF has a 1-year low of $28.32 and a 1-year high of $34.29. The company has a 50 day moving average price of $32.70 and a 200 day moving average price of $32.22.

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.