The Trenchless Fund (NYSEARCA:RVER) Short Interest Up 198.8% in May

The Trenchless Fund (NYSEARCA:RVER) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 257 shares, an increase of 198.8% from the April 30th total of 86 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,739 shares, the days-to-cover ratio is currently 0.1 days.

The Trenchless Fund Trading Up 3.8%

Shares of RVER traded up $1.29 during trading hours on Friday, reaching $34.87. 4,067 shares of the company’s stock traded hands, compared to its average volume of 16,138. The stock has a market cap of $143.32 million, a PE ratio of 22.39 and a beta of 1.37. The firm’s 50 day simple moving average is $30.04 and its 200-day simple moving average is $30.67. The Trenchless Fund has a 12 month low of $26.34 and a 12 month high of $34.94.

About The Trenchless Fund

The Trenchless Fund ETF (RVER) is an exchange-traded fund that mostly invests in total market equity. The fund seeks capital appreciation through an actively managed portfolio of 12 to 30 US-listed stocks the adviser perceives to have an above-average probability of outperforming the S&P 500 Index. RVER was launched on Oct 3, 2023 and is issued by River1.