Short Interest in The Trenchless Fund (NYSEARCA:RVER) Grows By 129.7%

The Trenchless Fund (NYSEARCA:RVER – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 11,649 shares, a growth of 129.7% from the June 15th total of 5,071 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 12,301 shares, the days-to-cover ratio is currently 0.9 days.

The Trenchless Fund Stock Up 1.4%

Shares of RVER traded up $0.47 during mid-day trading on Tuesday, reaching $34.95. 8,351 shares of the company’s stock were exchanged, compared to its average volume of 14,342. The company has a 50-day simple moving average of $33.97 and a two-hundred day simple moving average of $31.42. The Trenchless Fund has a 52-week low of $26.34 and a 52-week high of $39.45. The company has a market cap of $139.80 million, a price-to-earnings ratio of 22.39 and a beta of 1.46.

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About The Trenchless Fund

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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.

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