The Trenchless Fund (NYSEARCA:RVER) Short Interest Update

The Trenchless Fund (NYSEARCA:RVER) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 8,740 shares, a growth of 117.8% from the August 15th total of 4,013 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 4,168 shares, the days-to-cover ratio is currently 2.1 days.

The Trenchless Fund Trading Down 1.8%

Shares of NYSEARCA RVER traded down $0.68 during midday trading on Monday, reaching $36.66. The company’s stock had a trading volume of 901 shares, compared to its average volume of 12,257. The stock has a 50 day simple moving average of $35.48 and a 200-day simple moving average of $32.75. The stock has a market capitalization of $146.64 million, a price-to-earnings ratio of 22.39 and a beta of 1.49. The Trenchless Fund has a fifty-two week low of $26.34 and a fifty-two week high of $39.45.

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.