The Trenchless Fund (NYSEARCA:RVER) Short Interest Update

The Trenchless Fund (NYSEARCA:RVER) was the recipient of a significant increase in short interest in 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. Based on an average daily trading volume, of 12,002 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.4% of the shares of the stock are sold short.

The Trenchless Fund Trading Down 0.8%

RVER stock opened at $36.92 on Tuesday. The firm has a 50 day moving average of $34.83 and a 200-day moving average of $31.85. The Trenchless Fund has a 12 month low of $26.34 and a 12 month high of $39.45. The firm has a market capitalization of $147.68 million, a P/E ratio of 22.39 and a beta of 1.48.

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.