The Trenchless Fund (NYSEARCA:RVER) Short Interest Update

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

The Trenchless Fund Trading Down 2.5%

RVER opened at $36.01 on Wednesday. The firm has a market cap of $144.04 million, a price-to-earnings ratio of 22.39 and a beta of 1.48. The stock’s 50-day moving average price is $34.85 and its 200 day moving average price is $31.87. The Trenchless Fund has a 12-month low of $26.34 and a 12-month 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.