The Trenchless Fund (NYSEARCA:RVER) Short Interest Up 117.8% in August

The Trenchless Fund (NYSEARCA:RVER) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 8,740 shares, an increase of 117.8% from the August 15th total of 4,013 shares. Based on an average trading volume of 4,168 shares, the short-interest ratio is presently 2.1 days. Approximately 0.2% of the shares of the stock are short sold.

The Trenchless Fund Price Performance

RVER opened at $36.06 on Wednesday. The firm has a market capitalization of $144.24 million, a price-to-earnings ratio of 22.39 and a beta of 1.49. The company’s 50 day simple moving average is $35.54 and its two-hundred day simple moving average is $32.85. The Trenchless Fund has a 1-year low of $26.34 and a 1-year high of $39.45.

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.