Short Interest in The Brinsmere Fund Conservative ETF (NYSEARCA:TBFC) Drops By 65.9%

The Brinsmere Fund Conservative ETF (NYSEARCA:TBFC) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,578 shares, a drop of 65.9% from the June 15th total of 4,630 shares. Based on an average daily volume of 1,681 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.0% of the shares of the stock are sold short.

Brinsmere Fund Conservative ETF Price Performance

Brinsmere Fund Conservative ETF stock opened at $29.33 on Monday. The company’s 50-day moving average price is $29.40 and its 200-day moving average price is $28.92. Brinsmere Fund Conservative ETF has a twelve month low of $26.90 and a twelve month high of $29.79. The company has a market cap of $360.17 million, a PE ratio of 18.75 and a beta of 0.43.

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.