The Brinsmere Fund Conservative ETF (NYSEARCA:TBFC) Short Interest Down 77.2% in May

The Brinsmere Fund Conservative ETF (NYSEARCA:TBFC) was the recipient of a significant drop in short interest during the month of 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 trading volume, of 1,660 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Brinsmere Fund Conservative ETF Trading Up 1.3%

Shares of NYSEARCA:TBFC traded up $0.39 on Thursday, reaching $29.44. 94 shares of the company traded hands, compared to its average volume of 4,740. The business’s 50-day simple moving average is $29.10 and its 200 day simple moving average is $28.77. 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 capitalization of $360.35 million, a P/E ratio of 18.75 and a beta of 0.43.

About Brinsmere Fund Conservative ETF

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.