The Brinsmere Fund Conservative ETF (NYSEARCA:TBFC) Short Interest Up 65.2% in August

The Brinsmere Fund Conservative ETF (NYSEARCA:TBFC) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 8,090 shares, a growth of 65.2% from the July 30th total of 4,898 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,266 shares, the days-to-cover ratio is currently 6.4 days.

Brinsmere Fund Conservative ETF Stock Performance

Shares of NYSEARCA:TBFC traded down $0.12 during midday trading on Tuesday, reaching $29.33. 447 shares of the company’s stock were exchanged, compared to its average volume of 3,602. The company’s 50 day simple moving average is $29.34 and its two-hundred day simple moving average is $29.10. The firm has a market capitalization of $359.59 million, a PE ratio of 18.75 and a beta of 0.44. Brinsmere Fund Conservative ETF has a 12 month low of $27.46 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.