Short Interest in Coastal Compass 100 ETF (NYSEARCA:ROPE) Decreases By 89.0%
by Mitch Edgeman · The Markets DailyCoastal Compass 100 ETF (NYSEARCA:ROPE – Get Free Report) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 271 shares, a decrease of 89.0% from the December 31st total of 2,468 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 3,025 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 3,025 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.
Coastal Compass 100 ETF Price Performance
ROPE traded down $0.15 on Wednesday, hitting $27.84. 794 shares of the stock were exchanged, compared to its average volume of 2,005. Coastal Compass 100 ETF has a 12 month low of $22.39 and a 12 month high of $28.15. The firm has a market capitalization of $6.68 million, a price-to-earnings ratio of 18.69 and a beta of 0.84. The business has a 50-day moving average of $27.20 and a two-hundred day moving average of $26.43.
About Coastal Compass 100 ETF
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.