TBG Dividend Focus ETF (NYSEARCA:TBG – Get Free Report) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 48,467 shares, a drop of 41.7% from the June 30th total of 83,101 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 23,495 shares, the days-to-cover ratio is presently 2.1 days.
Institutional Trading of TBG Dividend Focus ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in TBG. Abundance Wealth Counselors increased its stake in shares of TBG Dividend Focus ETF by 221.3% during 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. EverSource Wealth Advisors LLC grew its holdings in TBG Dividend Focus ETF by 31.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 84,844 shares of the company’s stock worth $2,833,000 after purchasing an additional 20,302 shares during the period. HighTower Advisors LLC grew its holdings in TBG Dividend Focus ETF by 2.7% during the fourth quarter. HighTower Advisors LLC now owns 2,179,805 shares of the company’s stock worth $72,784,000 after purchasing an additional 57,340 shares during the period. Osaic Holdings Inc. acquired a new position in TBG Dividend Focus ETF during the second quarter worth approximately $54,000. Finally, Royal Bank of Canada acquired a new position in TBG Dividend Focus ETF during the fourth quarter worth approximately $25,000.
TBG Dividend Focus ETF Stock Down 0.0%
NYSEARCA:TBG opened at $38.09 on Friday. TBG Dividend Focus ETF has a twelve month low of $32.21 and a twelve month high of $38.82. The firm has a market capitalization of $260.54 million, a price-to-earnings ratio of 17.05 and a beta of 0.58. The stock’s 50 day moving average price is $37.20 and its two-hundred day moving average price is $36.19.
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.
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