Coastal Compass 100 ETF (NYSEARCA:ROPE) Sees Large Decrease in Short Interest

Coastal Compass 100 ETF (NYSEARCA:ROPE) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 448 shares, a decrease of 51.1% from the September 30th total of 916 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 1,900 shares, the days-to-cover ratio is presently 0.2 days.

Coastal Compass 100 ETF Price Performance

Shares of NYSEARCA ROPE traded down $0.03 during trading on Friday, hitting $30.93. 3,261 shares of the company were exchanged, compared to its average volume of 5,133. Coastal Compass 100 ETF has a 1 year low of $25.79 and a 1 year high of $31.32. The company has a market cap of $24.74 million, a price-to-earnings ratio of 18.69 and a beta of 0.48. The firm’s fifty day moving average price is $29.90 and its 200 day moving average price is $29.37.

Coastal Compass 100 ETF Cuts Dividend

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

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.