Coastal Compass 100 ETF (NYSEARCA:ROPE) Sees Large Drop in Short Interest

Coastal Compass 100 ETF (NYSEARCA:ROPE) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 710 shares, a drop of 71.1% from the February 26th total of 2,455 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 911 shares, the short-interest ratio is presently 0.8 days.

Coastal Compass 100 ETF Trading Up 0.4%

Shares of ROPE traded up $0.10 during trading hours on Wednesday, reaching $28.06. The stock had a trading volume of 616 shares, compared to its average volume of 1,518. The firm has a 50-day simple moving average of $28.62 and a 200 day simple moving average of $27.27. Coastal Compass 100 ETF has a 12 month low of $22.39 and a 12 month high of $29.83. The company has a market capitalization of $6.73 million, a price-to-earnings ratio of 18.69 and a beta of 0.84.

About Coastal Compass 100 ETF

The Coastal Compass 100 ETF (ROPE) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of high quality, dividend-paying equity securities while aiming to provide downside protection using cash. It selects 25-50 large-cap stocks and employs a trend-following approach. ROPE was launched on Dec 17, 2024 and is issued by Coastal.