Coastal Compass 100 ETF (NYSEARCA:ROPE) Sees Significant Growth in Short Interest
by Scott Moore · The Cerbat GemCoastal Compass 100 ETF (NYSEARCA:ROPE – Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 7,962 shares, a growth of 1,021.4% from the March 15th total of 710 shares. Based on an average daily volume of 1,826 shares, the short-interest ratio is currently 4.4 days. Approximately 2.9% of the shares of the stock are sold short.
Coastal Compass 100 ETF Price Performance
NYSEARCA ROPE traded down $0.24 during trading hours on Friday, reaching $28.59. 57,704 shares of the stock traded hands, compared to its average volume of 4,794. The company has a market cap of $6.86 million, a price-to-earnings ratio of 18.69 and a beta of 0.69. The stock has a 50 day simple moving average of $28.68 and a two-hundred day simple moving average of $27.44. Coastal Compass 100 ETF has a 1 year low of $22.72 and a 1 year high of $29.83.
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.