The Brinsmere Fund Conservative ETF (NYSEARCA:TBFC) Shares Shorted: Short Interest Up 298.0% in October

The Brinsmere Fund Conservative ETF (NYSEARCA:TBFC) was the recipient of a significant growth in short interest in the month of 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. Based on an average daily trading volume, of 482 shares, the days-to-cover ratio is presently 2.9 days. Currently, 0.0% of the shares of the company are short sold.

Brinsmere Fund Conservative ETF Price Performance

Shares of TBFC stock traded down $0.03 during trading hours on Friday, reaching $28.45. 1,982 shares of the company traded hands, compared to its average volume of 3,395. Brinsmere Fund Conservative ETF has a 12-month low of $27.64 and a 12-month high of $29.79. The company has a market cap of $352.21 million, a P/E ratio of 18.75 and a beta of 0.45. The firm has a 50-day moving average price of $28.87 and a 200 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. Investors of record on Thursday, September 24th were issued a $0.2097 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.84 annualized dividend and a yield of 2.9%. This is a positive change from Brinsmere Fund Conservative ETF’s previous quarterly dividend of $0.1758.

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.