The Trenchless Fund (NYSEARCA:RVER) Shares Shorted: Short Interest Down 77.7% in September

The Trenchless Fund (NYSEARCA:RVER) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 1,210 shares, a drop of 77.7% from the September 15th total of 5,417 shares. Based on an average daily trading volume, of 25,728 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

The Trenchless Fund Trading Up 1.2%

NYSEARCA RVER traded up $0.43 on Friday, reaching $37.47. 660 shares of the company were exchanged, compared to its average volume of 12,683. The business’s fifty day moving average price is $36.65 and its 200 day moving average price is $33.81. The stock has a market capitalization of $144.63 million, a P/E ratio of 22.39 and a beta of 1.47. The Trenchless Fund has a fifty-two week low of $26.34 and a fifty-two week high of $39.45.

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.