Coastal Compass 100 ETF (NYSEARCA:ROPE) Short Interest Up 59.3% in August

Coastal Compass 100 ETF (NYSEARCA:ROPE) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 674 shares, an increase of 59.3% from the August 15th total of 423 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 44,906 shares, the short-interest ratio is currently 0.0 days.

Coastal Compass 100 ETF Price Performance

Shares of ROPE opened at $29.60 on Friday. The firm has a market capitalization of $29.57 million, a PE ratio of 18.69 and a beta of 0.46. Coastal Compass 100 ETF has a 1-year low of $25.58 and a 1-year high of $31.01. The company’s fifty day moving average price is $30.25 and its 200-day moving average price is $29.42.

Coastal Compass 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were given a dividend of $0.1331 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.53 dividend on an annualized basis and a yield of 1.8%. This is an increase from Coastal Compass 100 ETF’s previous quarterly dividend of $0.04.

Coastal Compass 100 ETF Company Profile

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.