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

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

Brinsmere Fund Conservative ETF Price Performance

NYSEARCA:TBFC opened at $28.56 on Monday. The firm has a market capitalization of $353.57 million, a price-to-earnings ratio of 18.75 and a beta of 0.45. The business has a 50 day simple moving average of $29.05 and a 200-day simple moving average of $29.04. Brinsmere Fund Conservative ETF has a 1 year low of $27.64 and a 1 year high of $29.79.

Brinsmere Fund Conservative ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Thursday, September 24th were paid a dividend of $0.2097 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost 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.