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

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

Brinsmere Fund Conservative ETF Stock Performance

Shares of TBFC stock opened at $29.25 on Wednesday. Brinsmere Fund Conservative ETF has a 52-week low of $26.61 and a 52-week high of $29.79. The stock has a market cap of $358.02 million, a price-to-earnings ratio of 18.75 and a beta of 0.43. The firm has a fifty day moving average of $29.04 and a 200-day moving average of $28.76.

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Brinsmere Fund Conservative ETF Company Profile

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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.

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