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

The Brinsmere Fund Conservative ETF (NYSEARCA:TBFC) was the target of a significant growth in short interest in 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 trading volume of 821 shares, the days-to-cover ratio is currently 6.0 days. Currently, 0.0% of the company’s stock are sold short.

Brinsmere Fund Conservative ETF Trading Down 0.0%

NYSEARCA:TBFC traded down $0.01 during midday trading on Friday, reaching $29.66. The company had a trading volume of 308 shares, compared to its average volume of 3,821. The firm has a market capitalization of $363.63 million, a price-to-earnings ratio of 18.75 and a beta of 0.44. The stock’s fifty day simple moving average is $29.34 and its 200-day simple moving average is $29.04. Brinsmere Fund Conservative ETF has a 12-month low of $27.30 and a 12-month 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.