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

The Brinsmere Fund Conservative ETF (NYSEARCA:TBFC) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 805 shares, a decline of 77.2% from the May 14th total of 3,537 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,660 shares, the days-to-cover ratio is currently 0.5 days.

Brinsmere Fund Conservative ETF Price Performance

Brinsmere Fund Conservative ETF stock opened at $29.25 on Wednesday. The stock has a fifty day moving average price of $29.04 and a two-hundred day moving average price of $28.76. Brinsmere Fund Conservative ETF has a 52-week low of $26.61 and a 52-week high of $29.79. The firm has a market capitalization of $358.02 million, a P/E ratio of 18.75 and a beta of 0.43.

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.