Short Interest in The Trenchless Fund (NYSEARCA:RVER) Decreases By 76.3%

The Trenchless Fund (NYSEARCA:RVER) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 4,013 shares, a decline of 76.3% from the July 30th total of 16,911 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 4,086 shares, the short-interest ratio is presently 1.0 days.

The Trenchless Fund Stock Performance

Shares of NYSEARCA:RVER traded up $0.69 during midday trading on Thursday, hitting $37.04. 8,644 shares of the stock were exchanged, compared to its average volume of 12,964. The Trenchless Fund has a 12 month low of $26.34 and a 12 month high of $39.45. The stock has a market capitalization of $148.16 million, a price-to-earnings ratio of 22.39 and a beta of 1.48. The business’s 50-day moving average price is $35.02 and its 200 day moving average price is $32.12.

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.