The Trenchless Fund (NYSEARCA:RVER) Short Interest Update

The Trenchless Fund (NYSEARCA:RVER) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 257 shares, a growth of 198.8% from the April 30th total of 86 shares. Based on an average daily trading volume, of 1,739 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

The Trenchless Fund Price Performance

NYSEARCA:RVER traded up $1.29 during midday trading on Friday, reaching $34.87. The stock had a trading volume of 4,067 shares, compared to its average volume of 16,138. The Trenchless Fund has a 1-year low of $26.34 and a 1-year high of $34.94. The firm’s fifty day simple moving average is $30.04 and its 200-day simple moving average is $30.67. The stock has a market capitalization of $143.32 million, a P/E ratio of 22.39 and a beta of 1.37.

The Trenchless Fund Company Profile

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.