TBG Dividend Focus ETF (NYSEARCA:TBG) Short Interest Up 105.5% in March

TBG Dividend Focus ETF (NYSEARCA:TBG) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 22,233 shares, an increase of 105.5% from the March 15th total of 10,821 shares. Based on an average daily volume of 23,048 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Trading of TBG Dividend Focus ETF

Several large investors have recently bought and sold shares of the stock. Stokes Capital Advisors LLC grew its position in TBG Dividend Focus ETF by 0.9% during the 3rd quarter. Stokes Capital Advisors LLC now owns 47,623 shares of the company’s stock worth $1,575,000 after purchasing an additional 409 shares during the last quarter. Royal Bank of Canada purchased a new stake in shares of TBG Dividend Focus ETF in the 4th quarter valued at $25,000. Envestnet Asset Management Inc. boosted its holdings in shares of TBG Dividend Focus ETF by 14.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,342 shares of the company’s stock valued at $243,000 after acquiring an additional 954 shares during the last quarter. Osaic Holdings Inc. purchased a new stake in shares of TBG Dividend Focus ETF in the 2nd quarter valued at $54,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of TBG Dividend Focus ETF by 39.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 6,783 shares of the company’s stock valued at $226,000 after acquiring an additional 1,928 shares during the last quarter.

TBG Dividend Focus ETF Stock Down 0.7%

Shares of NYSEARCA TBG traded down $0.24 during trading hours on Friday, hitting $35.25. 35,590 shares of the stock were exchanged, compared to its average volume of 29,131. The company has a market cap of $229.13 million, a PE ratio of 17.05 and a beta of 0.69. The firm has a fifty day moving average price of $35.72 and a 200-day moving average price of $34.28. TBG Dividend Focus ETF has a 12 month low of $29.29 and a 12 month high of $36.97.

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.