The Trenchless Fund (NYSEARCA:RVER) Sees Large Decline in Short Interest

The Trenchless Fund (NYSEARCA:RVER) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 86 shares, a decline of 76.6% from the April 15th total of 367 shares. Based on an average daily volume of 5,909 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

The Trenchless Fund Trading Up 2.2%

RVER stock traded up $0.69 during trading on Thursday, reaching $32.30. 3,357 shares of the stock were exchanged, compared to its average volume of 16,883. The business has a 50 day moving average price of $29.30 and a 200-day moving average price of $30.67. The Trenchless Fund has a 1 year low of $26.34 and a 1 year high of $34.18. The firm has a market capitalization of $132.75 million, a price-to-earnings 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.