The Trenchless Fund (NYSEARCA:RVER) Stock Short Interest Climbs 426.9%

The Trenchless Fund (NYSEARCA:RVER) was the target of a large growth in short interest in the month of 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 trading volume of 3,979 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.1% of the shares of the company are sold short.

The Trenchless Fund Price Performance

RVER stock traded up $2.17 during mid-day trading on Wednesday, reaching $34.50. 837 shares of the company traded hands, compared to its average volume of 11,730. The company has a fifty day moving average price of $35.48 and a 200-day moving average price of $33.00. The company has a market capitalization of $133.17 million, a P/E ratio of 27.11 and a beta of 1.52. The Trenchless Fund has a 52-week low of $26.34 and a 52-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.