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

The Brinsmere Fund Conservative ETF (NYSEARCA:TBFC) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 1,389 shares, a growth of 298.0% from the October 15th total of 349 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 482 shares, the short-interest ratio is currently 2.9 days.

Brinsmere Fund Conservative ETF Stock Up 0.5%

NYSEARCA TBFC opened at $28.59 on Thursday. The stock has a market cap of $353.94 million, a PE ratio of 18.75 and a beta of 0.45. Brinsmere Fund Conservative ETF has a fifty-two week low of $27.64 and a fifty-two week high of $29.79. The business has a 50 day moving average price of $28.89 and a two-hundred day moving average price of $29.03.

Brinsmere Fund Conservative ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 24th were given a dividend of $0.2097 per share. 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%.

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.