Short Interest in Coastal Compass 100 ETF (NYSEARCA:ROPE) Rises By 59.3%

Coastal Compass 100 ETF (NYSEARCA:ROPE) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 674 shares, an increase of 59.3% from the August 15th total of 423 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 44,906 shares, the days-to-cover ratio is currently 0.0 days.

Coastal Compass 100 ETF Price Performance

Shares of NYSEARCA:ROPE traded up $0.08 during trading hours on Thursday, hitting $29.59. 2,604 shares of the company’s stock traded hands, compared to its average volume of 5,524. The firm has a market capitalization of $29.56 million, a P/E ratio of 18.69 and a beta of 0.46. The business has a fifty day moving average price of $30.25 and a 200-day moving average price of $29.42. Coastal Compass 100 ETF has a 1 year low of $25.58 and a 1 year high of $31.01.

Coastal Compass 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were issued a $0.1331 dividend. The ex-dividend date was Monday, June 29th. This is a positive change from Coastal Compass 100 ETF’s previous quarterly dividend of $0.04. This represents a $0.53 dividend on an annualized basis and a dividend yield of 1.8%.

About Coastal Compass 100 ETF

The Coastal Compass 100 ETF (ROPE) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of high quality, dividend-paying equity securities while aiming to provide downside protection using cash. It selects 25-50 large-cap stocks and employs a trend-following approach. ROPE was launched on Dec 17, 2024 and is issued by Coastal.