The Trenchless Fund (NYSEARCA:RVER) Short Interest Up 117.8% in August

The Trenchless Fund (NYSEARCA:RVER) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 8,740 shares, a growth of 117.8% from the August 15th total of 4,013 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 4,168 shares, the short-interest ratio is presently 2.1 days.

The Trenchless Fund Price Performance

NYSEARCA:RVER traded down $0.41 during trading hours on Tuesday, reaching $36.06. 24,221 shares of the stock were exchanged, compared to its average volume of 12,328. The Trenchless Fund has a twelve month low of $26.34 and a twelve month high of $39.45. The firm has a 50 day moving average of $35.51 and a 200 day moving average of $32.80. The stock has a market cap of $144.24 million, a PE ratio of 22.39 and a beta of 1.49.

The Trenchless Fund Company Profile

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.