Short Interest in The Trenchless Fund (NYSEARCA:RVER) Increases By 289.1%

The Trenchless Fund (NYSEARCA:RVER) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,000 shares, a growth of 289.1% from the May 14th total of 257 shares. Based on an average daily trading volume, of 10,161 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

The Trenchless Fund Stock Performance

NYSEARCA:RVER traded up $0.20 on Friday, hitting $34.81. 768 shares of the stock were exchanged, compared to its average volume of 15,518. The stock has a market capitalization of $143.07 million, a price-to-earnings ratio of 22.39 and a beta of 1.48. The Trenchless Fund has a 52 week low of $26.34 and a 52 week high of $39.45. The company’s 50-day moving average price is $31.64 and its 200 day moving average price is $30.98.

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.