Short Interest in The Trenchless Fund (NYSEARCA:RVER) Decreases By 76.3%

The Trenchless Fund (NYSEARCA:RVER) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 4,013 shares, a decline of 76.3% from the July 30th total of 16,911 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 4,086 shares, the short-interest ratio is presently 1.0 days.

The Trenchless Fund Trading Down 2.9%

NYSEARCA RVER opened at $35.98 on Friday. The Trenchless Fund has a 1 year low of $26.34 and a 1 year high of $39.45. The stock’s 50-day moving average price is $35.07 and its two-hundred day moving average price is $32.20. The company has a market cap of $143.92 million, a PE ratio of 22.39 and a beta of 1.48.

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.