Short Interest in The Trenchless Fund (NYSEARCA:RVER) Grows By 129.7%

The Trenchless Fund (NYSEARCA:RVER) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 11,649 shares, a growth of 129.7% from the June 15th total of 5,071 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 12,301 shares, the short-interest ratio is currently 0.9 days.

The Trenchless Fund Stock Up 1.4%

RVER traded up $0.47 on Tuesday, reaching $34.95. The company had a trading volume of 8,351 shares, compared to its average volume of 14,342. The Trenchless Fund has a 1 year low of $26.34 and a 1 year high of $39.45. The stock has a market capitalization of $139.80 million, a PE ratio of 22.39 and a beta of 1.46. The stock has a 50-day moving average price of $33.97 and a 200-day moving average price of $31.42.

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.