Coastal Compass 100 ETF (NYSEARCA:ROPE) Stock Short Interest Falls 55.4%

Coastal Compass 100 ETF (NYSEARCA:ROPE) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 916 shares, a decrease of 55.4% from the September 15th total of 2,052 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 2,938 shares, the days-to-cover ratio is currently 0.3 days.

Coastal Compass 100 ETF Stock Down 0.6%

NYSEARCA:ROPE traded down $0.17 during mid-day trading on Tuesday, reaching $29.53. 2,082 shares of the stock were exchanged, compared to its average volume of 5,245. The company has a 50 day simple moving average of $29.93 and a 200-day simple moving average of $29.54. The stock has a market capitalization of $23.33 million, a P/E ratio of 18.69 and a beta of 0.48. Coastal Compass 100 ETF has a 1 year low of $25.79 and a 1 year high of $31.01.

Coastal Compass 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were paid a $0.0970 dividend. This is a decrease from Coastal Compass 100 ETF’s previous quarterly dividend of $0.1331. This represents a $0.39 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, September 28th.

Coastal Compass 100 ETF Company Profile

The Coastal Compass 100 ETF (ROPE) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of high quality, dividend-paying equity securities while aiming to provide downside protection using cash. It selects 25-50 large-cap stocks and employs a trend-following approach. ROPE was launched on Dec 17, 2024 and is issued by Coastal.