The Trenchless Fund (NYSEARCA:RVER) Short Interest Update

The Trenchless Fund (NYSEARCA:RVER) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 4,013 shares, a drop of 76.3% from the July 30th total of 16,911 shares. Based on an average daily volume of 4,086 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.1% of the shares of the company are sold short.

The Trenchless Fund Trading Up 1.9%

NYSEARCA RVER traded up $0.69 during midday trading on Thursday, hitting $37.04. The company had a trading volume of 8,644 shares, compared to its average volume of 12,964. The company has a market capitalization of $148.16 million, a PE ratio of 22.39 and a beta of 1.48. The firm has a 50-day moving average price of $35.02 and a 200-day moving average price of $32.12. The Trenchless Fund has a twelve month low of $26.34 and a twelve month 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.