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 large increase in short interest in 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 trading volume, of 499 shares, the days-to-cover ratio is currently 0.7 days.

Brinsmere Fund Conservative ETF Stock Down 0.9%

Shares of Brinsmere Fund Conservative ETF stock traded down $0.25 during trading on Friday, hitting $28.56. 1,394 shares of the stock traded hands, compared to its average volume of 3,534. The stock has a market cap of $353.57 million, a price-to-earnings ratio of 18.75 and a beta of 0.45. Brinsmere Fund Conservative ETF has a 52 week low of $27.64 and a 52 week high of $29.79. The firm’s fifty day moving average is $29.05 and its 200-day moving average is $29.04.

Brinsmere Fund Conservative ETF Increases Dividend

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

Brinsmere Fund Conservative ETF Company Profile

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.