Short Interest in TBG Dividend Focus ETF (NYSEARCA:TBG) Increases By 105.5%

TBG Dividend Focus ETF (NYSEARCA:TBG) was the recipient of a large growth in short interest during the month of 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. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 51,821 shares, the short-interest ratio is presently 1.3 days.

TBG Dividend Focus ETF Trading Up 0.3%

Shares of TBG Dividend Focus ETF stock traded up $0.11 on Monday, hitting $38.07. 31,874 shares of the company traded hands, compared to its average volume of 31,806. TBG Dividend Focus ETF has a 12-month low of $32.33 and a 12-month high of $39.68. The company has a market cap of $260.40 million, a P/E ratio of 17.05 and a beta of 0.56. The firm’s 50-day simple moving average is $38.33 and its 200 day simple moving average is $36.88.

TBG Dividend Focus ETF Increases Dividend

The company 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 dividend on an annualized basis and a yield of 2.6%.

Institutional Investors Weigh In On TBG Dividend Focus ETF

Several hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in shares of TBG Dividend Focus ETF during the 2nd quarter valued at about $29,000. Team Financial Group LLC bought a new stake in TBG Dividend Focus ETF in the 1st quarter worth approximately $119,000. Charis Legacy Partners LLC lifted its position in TBG Dividend Focus ETF by 37.2% in the 2nd quarter. Charis Legacy Partners LLC now owns 13,518 shares of the company’s stock worth $493,000 after buying an additional 3,665 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in TBG Dividend Focus ETF by 138.9% in the first quarter. Geneos Wealth Management Inc. now owns 16,204 shares of the company’s stock worth $565,000 after buying an additional 9,421 shares in the last quarter. Finally, Stokes Capital Advisors LLC boosted its stake 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 buying an additional 9,033 shares in the last quarter.

About TBG Dividend Focus ETF

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.