Short Interest in The Trenchless Fund (NYSEARCA:RVER) Increases By 289.1%

The Trenchless Fund (NYSEARCA:RVER) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,000 shares, an increase of 289.1% from the May 14th total of 257 shares. Based on an average daily trading volume, of 10,161 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

The Trenchless Fund Trading Up 0.6%

Shares of RVER traded up $0.20 during midday trading on Friday, hitting $34.81. The stock had a trading volume of 768 shares, compared to its average volume of 15,518. The Trenchless Fund has a fifty-two week low of $26.34 and a fifty-two week high of $39.45. The business has a 50-day simple moving average of $31.64 and a two-hundred day simple moving average of $30.98. The firm has a market cap of $143.07 million, a P/E ratio of 22.39 and a beta of 1.48.

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.