Coastal Compass 100 ETF (NYSEARCA:ROPE) Sees Significant Decline in Short Interest

Coastal Compass 100 ETF (NYSEARCA:ROPE) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 213 shares, a decline of 82.3% from the May 14th total of 1,205 shares. Based on an average daily volume of 2,127 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Coastal Compass 100 ETF Stock Up 0.9%

NYSEARCA:ROPE traded up $0.28 during mid-day trading on Friday, hitting $30.04. 1,484 shares of the company traded hands, compared to its average volume of 3,460. The stock’s fifty day moving average price is $28.95 and its 200-day moving average price is $28.31. Coastal Compass 100 ETF has a one year low of $25.03 and a one year high of $30.10. The firm has a market cap of $8.71 million, a price-to-earnings ratio of 18.69 and a beta of 0.49.

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.