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

The Trenchless Fund (NYSEARCA:RVER) was the target 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. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 12,301 shares, the days-to-cover ratio is currently 0.9 days.

The Trenchless Fund Stock Performance

Shares of NYSEARCA RVER traded down $0.88 during trading on Thursday, hitting $33.88. 914 shares of the company traded hands, compared to its average volume of 14,175. The firm has a market capitalization of $135.52 million, a price-to-earnings ratio of 22.39 and a beta of 1.46. The business’s fifty day moving average is $34.05 and its 200 day moving average is $31.45. The Trenchless Fund has a fifty-two week low of $26.34 and a fifty-two week 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.