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

Coastal Compass 100 ETF (NYSEARCA:ROPE) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,205 shares, a growth of 600.6% from the April 30th total of 172 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 695 shares, the short-interest ratio is presently 1.7 days.

Coastal Compass 100 ETF Stock Performance

Shares of NYSEARCA ROPE opened at $29.28 on Friday. The stock has a 50 day moving average price of $28.68 and a 200 day moving average price of $28.10. The stock has a market capitalization of $8.49 million, a PE ratio of 18.69 and a beta of 0.53. Coastal Compass 100 ETF has a 52 week low of $24.70 and a 52 week high of $29.83.

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.