Short Interest in The Brinsmere Fund Conservative ETF (NYSEARCA:TBFC) Expands By 199.2%

The Brinsmere Fund Conservative ETF (NYSEARCA:TBFC) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 4,898 shares, a growth of 199.2% from the July 15th total of 1,637 shares. Based on an average daily volume of 821 shares, the days-to-cover ratio is currently 6.0 days. Approximately 0.0% of the shares of the company are sold short.

Brinsmere Fund Conservative ETF Stock Performance

NYSEARCA:TBFC traded up $0.09 during mid-day trading on Thursday, hitting $29.67. 444 shares of the stock were exchanged, compared to its average volume of 3,844. The firm’s 50-day simple moving average is $29.33 and its 200 day simple moving average is $29.03. The stock has a market capitalization of $363.75 million, a price-to-earnings ratio of 18.75 and a beta of 0.44. Brinsmere Fund Conservative ETF has a fifty-two week low of $27.30 and a fifty-two week high of $29.79.

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.