The Brinsmere Fund Growth ETF (NYSEARCA:TBFG) Sees Significant Decline in Short Interest

The Brinsmere Fund Growth ETF (NYSEARCA:TBFG) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 2,427 shares, a decrease of 44.3% from the July 15th total of 4,359 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 2,341 shares, the days-to-cover ratio is presently 1.0 days.

Brinsmere Fund Growth ETF Trading Down 1.0%

Shares of NYSEARCA TBFG traded down $0.32 on Tuesday, reaching $33.03. 66 shares of the company traded hands, compared to its average volume of 7,516. Brinsmere Fund Growth ETF has a fifty-two week low of $28.42 and a fifty-two week high of $33.37. The company has a 50 day moving average of $32.62 and a 200 day moving average of $31.75. The stock has a market capitalization of $388.76 million, a PE ratio of 19.82 and a beta of 0.68.

About Brinsmere Fund Growth ETF

The Brinsmere Fund Growth ETF (TBFG) is an exchange-traded fund that mostly invests in target outcome 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 growth-focused portfolio. TBFG was launched on Jan 12, 2024 and is issued by The Brinsmere Funds.