The Brinsmere Fund Conservative ETF (NYSEARCA:TBFC) Sees Significant Increase in Short Interest

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

Brinsmere Fund Conservative ETF Trading Down 0.4%

Shares of TBFC stock opened at $29.33 on Wednesday. The company’s 50-day moving average price is $29.34 and its 200-day moving average price is $29.10. The stock has a market cap of $359.59 million, a price-to-earnings ratio of 18.75 and a beta of 0.44. Brinsmere Fund Conservative ETF has a twelve month low of $27.46 and a twelve 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.