The Brinsmere Fund Growth ETF (NYSEARCA:TBFG) Stock Short Interest Declines 96.9%

The Brinsmere Fund Growth ETF (NYSEARCA:TBFG) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 121 shares, a drop of 96.9% from the September 15th total of 3,949 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 493 shares, the days-to-cover ratio is presently 0.2 days.

Brinsmere Fund Growth ETF Stock Performance

TBFG stock traded up $0.14 during trading on Friday, hitting $32.70. The stock had a trading volume of 501 shares, compared to its average volume of 6,289. The company’s 50 day moving average price is $32.91 and its two-hundred day moving average price is $32.26. Brinsmere Fund Growth ETF has a 1-year low of $29.12 and a 1-year high of $33.37. The stock has a market cap of $386.19 million, a price-to-earnings ratio of 19.82 and a beta of 0.68.

Brinsmere Fund Growth ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.1446 per share. This represents a $0.58 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, September 24th.

Brinsmere Fund Growth ETF Company Profile

The Brinsmere Fund Growth ETF (TBFG) is an exchange-traded fund that mostly invests in target outcome 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 growth-focused portfolio. TBFG was launched on Jan 12, 2024 and is issued by The Brinsmere Funds.