The Trenchless Fund (NYSEARCA:RVER) Sees Significant Growth in Short Interest

The Trenchless Fund (NYSEARCA:RVER) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 5,071 shares, an increase of 407.1% from the May 31st total of 1,000 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 8,509 shares, the days-to-cover ratio is currently 0.6 days.

The Trenchless Fund Price Performance

Shares of RVER traded up $0.41 during midday trading on Friday, hitting $34.35. The stock had a trading volume of 1,816 shares, compared to its average volume of 15,071. The company has a 50 day simple moving average of $32.95 and a two-hundred day simple moving average of $31.15. The firm has a market cap of $141.18 million, a price-to-earnings ratio of 22.39 and a beta of 1.48. The Trenchless Fund has a twelve month low of $26.34 and a twelve month 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.