TBG Dividend Focus ETF (NYSEARCA:TBG) Short Interest Up 201.3% in May

by · The Cerbat Gem

TBG Dividend Focus ETF (NYSEARCA:TBG – Get Free Report) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 59,136 shares, an increase of 201.3% from the April 30th total of 19,626 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 25,134 shares, the short-interest ratio is currently 2.4 days.

TBG Dividend Focus ETF Trading Down 0.1%

Shares of NYSEARCA:TBG traded down $0.03 during mid-day trading on Friday, hitting $36.97. 37,819 shares of the company traded hands, compared to its average volume of 29,375. The stock has a market cap of $234.39 million, a P/E ratio of 17.05 and a beta of 0.59. TBG Dividend Focus ETF has a 12-month low of $31.35 and a 12-month high of $37.35. The stock has a 50-day moving average price of $35.73 and a two-hundred day moving average price of $35.03.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its position in shares of TBG Dividend Focus ETF by 23.4% during the first quarter. EverSource Wealth Advisors LLC now owns 104,681 shares of the company’s stock valued at $3,649,000 after buying an additional 19,837 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of TBG Dividend Focus ETF by 138.9% during the first quarter. Geneos Wealth Management Inc. now owns 16,204 shares of the company’s stock valued at $565,000 after buying an additional 9,421 shares during the last quarter. Team Financial Group LLC purchased a new position in shares of TBG Dividend Focus ETF during the first quarter valued at approximately $119,000. Stokes Capital Advisors LLC boosted its position in TBG Dividend Focus ETF by 15.5% in the first quarter. Stokes Capital Advisors LLC now owns 67,138 shares of the company’s stock worth $2,340,000 after purchasing an additional 9,033 shares during the last quarter. Finally, Royal Bank of Canada purchased a new position in TBG Dividend Focus ETF in the fourth quarter worth $25,000.

TBG Dividend Focus ETF Company Profile

(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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