The Trenchless Fund (NYSEARCA:RVER – Get Free Report) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 5,611 shares, a growth of 426.9% from the October 15th total of 1,065 shares. Based on an average daily volume of 3,979 shares, the short-interest ratio is currently 1.4 days. Currently, 0.1% of the company’s stock are sold short.
The Trenchless Fund Stock Up 6.7%
RVER stock traded up $2.17 during trading on Wednesday, reaching $34.50. The stock had a trading volume of 837 shares, compared to its average volume of 11,730. The Trenchless Fund has a one year low of $26.34 and a one year high of $39.45. The company’s 50 day moving average is $35.48 and its two-hundred day moving average is $33.00. The company has a market capitalization of $133.17 million, a price-to-earnings ratio of 27.11 and a beta of 1.52.
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.
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