The Trenchless Fund (NYSEARCA:RVER) Sees Large Drop in Short Interest

The Trenchless Fund (NYSEARCA:RVER – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 5,417 shares, a decrease of 38.0% from the August 31st total of 8,740 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 4,283 shares, the short-interest ratio is currently 1.3 days.

The Trenchless Fund Stock Performance

Shares of NYSEARCA RVER traded up $0.11 during trading hours on Thursday, hitting $36.41. The company’s stock had a trading volume of 173 shares, compared to its average volume of 13,045. The Trenchless Fund has a 12 month low of $26.34 and a 12 month high of $39.45. The stock has a market cap of $140.54 million, a price-to-earnings ratio of 22.39 and a beta of 1.49. The business has a 50-day simple moving average of $36.08 and a 200-day simple moving average of $33.42.

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The Trenchless Fund Company Profile

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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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