Short Interest in The Trenchless Fund (NYSEARCA:RVER) Declines By 76.6%

The Trenchless Fund (NYSEARCA:RVER) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 86 shares, a drop of 76.6% from the April 15th total of 367 shares. Based on an average daily volume of 5,909 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

The Trenchless Fund Price Performance

Shares of NYSEARCA:RVER traded up $0.45 during trading on Wednesday, hitting $31.61. 4,041 shares of the company’s stock were exchanged, compared to its average volume of 17,032. The company has a market cap of $129.92 million, a price-to-earnings ratio of 22.39 and a beta of 1.37. The business’s 50-day simple moving average is $29.24 and its 200 day simple moving average is $30.68. The Trenchless Fund has a 52-week low of $26.34 and a 52-week high of $34.18.

About The Trenchless Fund

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.