Short Interest in TBG Dividend Focus ETF (NYSEARCA:TBG) Grows By 203.1%

TBG Dividend Focus ETF (NYSEARCA:TBG) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 24,934 shares, an increase of 203.1% from the January 15th total of 8,225 shares. Based on an average daily trading volume, of 30,451 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the company’s shares are short sold. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 30,451 shares, the days-to-cover ratio is currently 0.8 days.

TBG Dividend Focus ETF Stock Up 0.5%

Shares of TBG opened at $36.86 on Thursday. The stock has a market capitalization of $221.90 million, a P/E ratio of 17.05 and a beta of 0.73. TBG Dividend Focus ETF has a twelve month low of $28.32 and a twelve month high of $36.97. The firm has a fifty day simple moving average of $34.40 and a two-hundred day simple moving average of $33.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Abundance Wealth Counselors lifted its holdings in TBG Dividend Focus ETF by 221.3% in the 4th quarter. Abundance Wealth Counselors now owns 823,095 shares of the company’s stock worth $27,483,000 after buying an additional 566,912 shares during the period. HighTower Advisors LLC lifted its stake in TBG Dividend Focus ETF by 22.1% in the third quarter. HighTower Advisors LLC now owns 2,122,465 shares of the company’s stock worth $70,190,000 after acquiring an additional 383,717 shares during the period. OneAscent Wealth Management LLC bought a new stake in TBG Dividend Focus ETF in the third quarter valued at $3,614,000. OneAscent Financial Services LLC bought a new stake in TBG Dividend Focus ETF in the third quarter valued at $2,920,000. Finally, Boyer Financial Services Inc. purchased a new position in TBG Dividend Focus ETF during the 4th quarter valued at $2,309,000.

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.