The Trenchless Fund (NYSEARCA:RVER) Short Interest Update

The Trenchless Fund (NYSEARCA:RVER) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 5,071 shares, a growth of 407.1% from the May 31st total of 1,000 shares. Based on an average trading volume of 8,509 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s shares are short sold.

The Trenchless Fund Price Performance

Shares of RVER traded up $0.41 during trading hours on Friday, hitting $34.35. The stock had a trading volume of 1,816 shares, compared to its average volume of 15,071. The firm has a market capitalization of $141.18 million, a P/E ratio of 22.39 and a beta of 1.48. The firm has a 50 day simple moving average of $32.95 and a 200-day simple moving average of $31.15. The Trenchless Fund has a 1-year low of $26.34 and a 1-year high of $39.45.

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.