Robinhood Ventures Fund I (NYSE:RVI) Sees Large Growth in Short Interest

Robinhood Ventures Fund I (NYSE:RVI) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 297,685 shares, a growth of 74.4% from the July 15th total of 170,677 shares. Based on an average daily volume of 343,678 shares, the short-interest ratio is currently 0.9 days. Approximately 1.4% of the company’s shares are short sold.

Robinhood Ventures Fund I Stock Down 3.4%

RVI traded down $0.97 during trading on Tuesday, hitting $27.58. 103,124 shares of the stock traded hands, compared to its average volume of 604,872. The company has a 50-day moving average price of $31.21. Robinhood Ventures Fund I has a 12-month low of $21.00 and a 12-month high of $77.39.

Hedge Funds Weigh In On Robinhood Ventures Fund I

An institutional investor recently bought a new stake in Robinhood Ventures Fund I stock. Trust Co. of Vermont purchased a new position in Robinhood Ventures Fund I (NYSE:RVI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 450 shares of the company’s stock, valued at approximately $45,000.

About Robinhood Ventures Fund I

Robinhood Ventures Fund I is a closed-end investment company. The Fund’s investment objective is to seek long-term capital appreciation.