The Trenchless Fund (NYSEARCA:RVER) Short Interest Update

The Trenchless Fund (NYSEARCA:RVER) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 16,911 shares, a growth of 55.8% from the July 15th total of 10,857 shares. Based on an average trading volume of 12,002 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.4% of the shares of the company are sold short.

The Trenchless Fund Price Performance

NYSEARCA:RVER opened at $36.92 on Tuesday. The company has a market cap of $147.68 million, a P/E ratio of 22.39 and a beta of 1.48. The stock’s fifty day moving average price is $34.83 and its two-hundred day moving average price is $31.85. The Trenchless Fund has a 1 year low of $26.34 and a 1 year 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.