The Brinsmere Fund Conservative ETF (NYSEARCA:TBFC) Sees Large Growth in Short Interest

The Brinsmere Fund Conservative ETF (NYSEARCA:TBFC) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 349 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 499 shares, the days-to-cover ratio is currently 0.7 days.

Brinsmere Fund Conservative ETF Stock Down 0.9%

Shares of TBFC stock traded down $0.25 on Friday, reaching $28.56. The company’s stock had a trading volume of 1,394 shares, compared to its average volume of 3,534. The company has a market capitalization of $353.57 million, a P/E ratio of 18.75 and a beta of 0.45. Brinsmere Fund Conservative ETF has a 12-month low of $27.64 and a 12-month high of $29.79. The stock’s 50 day simple moving average is $29.05 and its 200-day simple moving average is $29.04.

Brinsmere Fund Conservative ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 24th were issued a $0.2097 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, September 24th. This is an increase from Brinsmere Fund Conservative ETF’s previous quarterly dividend of $0.1758.

About Brinsmere Fund Conservative ETF

The Brinsmere Fund Conservative ETF (TBFC) is an exchange-traded fund that mostly invests in target risk asset allocation. The fund is an actively managed fund of funds with exposure to the global equity and bond markets. It uses two proprietary investment strategies to create a conservative portfolio. TBFC was launched on Jan 12, 2024 and is issued by The Brinsmere Funds.