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

Coastal Compass 100 ETF (NYSEARCA:ROPE) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 448 shares, a decrease of 51.1% from the September 30th total of 916 shares. Based on an average daily trading volume, of 1,900 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Coastal Compass 100 ETF Trading Down 0.1%

Shares of NYSEARCA ROPE traded down $0.03 during midday trading on Friday, reaching $30.93. 3,261 shares of the company were exchanged, compared to its average volume of 5,133. The stock has a market cap of $24.74 million, a P/E ratio of 18.69 and a beta of 0.48. Coastal Compass 100 ETF has a 1 year low of $25.79 and a 1 year high of $31.32. The stock has a fifty day simple moving average of $29.90 and a 200 day simple moving average of $29.37.

Coastal Compass 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were issued a dividend of $0.0970 per share. This is a drop from Coastal Compass 100 ETF’s previous quarterly dividend of $0.1331. This represents a $0.39 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, September 28th.

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.