The Trenchless Fund (NYSEARCA:RVER) Short Interest Update

The Trenchless Fund (NYSEARCA:RVER – Get Free Report) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 4,013 shares, a decrease of 76.3% from the July 30th total of 16,911 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 4,086 shares, the days-to-cover ratio is currently 1.0 days.

The Trenchless Fund Trading Down 2.9%

Shares of NYSEARCA:RVER traded down $1.06 during mid-day trading on Friday, reaching $35.98. The stock had a trading volume of 298 shares, compared to its average volume of 12,887. The firm has a 50 day simple moving average of $35.07 and a two-hundred day simple moving average of $32.20. The Trenchless Fund has a twelve month low of $26.34 and a twelve month high of $39.45. The firm has a market cap of $143.92 million, a PE ratio of 22.39 and a beta of 1.48.

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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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