Short Interest in Robinhood Ventures Fund I (NYSE:RVI) Declines By 31.7%

Robinhood Ventures Fund I (NYSE:RVI) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 170,677 shares, a decrease of 31.7% from the June 30th total of 249,897 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 293,367 shares, the days-to-cover ratio is presently 0.6 days.

Robinhood Ventures Fund I Stock Performance

Shares of RVI stock traded down $0.25 during mid-day trading on Friday, reaching $24.65. 185,633 shares of the stock traded hands, compared to its average volume of 647,624. The business has a fifty day moving average price of $35.52. Robinhood Ventures Fund I has a 1-year low of $21.00 and a 1-year high of $77.39. The stock has a market capitalization of $520.53 million, a P/E ratio of -29.00 and a beta of 1.66.

About Robinhood Ventures Fund I

Robinhood Ventures Fund I is a closed-end investment company. The Fund’s investment objective is to seek long-term capital appreciation.