The Trenchless Fund (NYSEARCA:RVER) Short Interest Up 129.7% in June

The Trenchless Fund (NYSEARCA:RVER) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 11,649 shares, a growth of 129.7% from the June 15th total of 5,071 shares. Based on an average daily volume of 12,301 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.3% of the company’s shares are sold short.

The Trenchless Fund Trading Down 0.5%

RVER stock traded down $0.19 during trading on Wednesday, reaching $34.76. 5,486 shares of the stock were exchanged, compared to its average volume of 14,275. The business has a 50 day moving average price of $34.05 and a 200-day moving average price of $31.45. The Trenchless Fund has a 1 year low of $26.34 and a 1 year high of $39.45. The firm has a market capitalization of $139.04 million, a price-to-earnings ratio of 22.39 and a beta of 1.46.

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.