The Trenchless Fund (NYSEARCA:RVER) Sees Large Decline in Short Interest

The Trenchless Fund (NYSEARCA:RVER) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 5,417 shares, a decrease of 38.0% from the August 31st total of 8,740 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 4,283 shares, the short-interest ratio is currently 1.3 days.

The Trenchless Fund Stock Performance

The Trenchless Fund stock traded up $0.77 during midday trading on Friday, reaching $37.07. The stock had a trading volume of 1,334 shares, compared to its average volume of 12,984. The Trenchless Fund has a twelve month low of $26.34 and a twelve month high of $39.45. The stock has a market capitalization of $143.09 million, a PE ratio of 22.39 and a beta of 1.47. The stock’s 50-day simple moving average is $36.13 and its 200 day simple moving average is $33.47.

The Trenchless Fund Company Profile

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.