Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Sees Large Decline in Short Interest

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 1,302 shares, a drop of 52.4% from the November 30th total of 2,735 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 53,477 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 53,477 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Sovereigns Capital Flourish Fund

A number of hedge funds have recently modified their holdings of SOVF. EverSource Wealth Advisors LLC lifted its holdings in shares of Sovereigns Capital Flourish Fund by 8.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 851,892 shares of the company’s stock valued at $25,693,000 after purchasing an additional 64,460 shares in the last quarter. Cornerstone Management Inc. increased its position in shares of Sovereigns Capital Flourish Fund by 1.1% during the third quarter. Cornerstone Management Inc. now owns 544,711 shares of the company’s stock worth $16,496,000 after acquiring an additional 6,098 shares in the last quarter. Vident Advisory LLC raised its holdings in shares of Sovereigns Capital Flourish Fund by 0.8% during the third quarter. Vident Advisory LLC now owns 416,936 shares of the company’s stock worth $12,626,000 after acquiring an additional 3,352 shares during the period. CreativeOne Wealth LLC lifted its position in Sovereigns Capital Flourish Fund by 0.7% in the 3rd quarter. CreativeOne Wealth LLC now owns 231,534 shares of the company’s stock valued at $7,012,000 after acquiring an additional 1,670 shares in the last quarter. Finally, Bare Financial Services Inc boosted its stake in Sovereigns Capital Flourish Fund by 10,731.5% in the 3rd quarter. Bare Financial Services Inc now owns 107,124 shares of the company’s stock worth $3,244,000 after purchasing an additional 106,135 shares during the period.

Sovereigns Capital Flourish Fund Stock Up 0.1%

SOVF stock traded up $0.02 during trading hours on Friday, hitting $29.67. The company’s stock had a trading volume of 3,360 shares, compared to its average volume of 16,647. The company has a market capitalization of $113.64 million, a PE ratio of 21.31 and a beta of 1.11. Sovereigns Capital Flourish Fund has a 12 month low of $25.70 and a 12 month high of $33.04. The stock has a 50 day moving average price of $28.80 and a two-hundred day moving average price of $29.72.

About Sovereigns Capital Flourish Fund

The Sovereign’s Capital Flourish Fund (SOVF) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in 80 to 100 US companies whose leaders seek to build corporate cultures based on biblical values. SOVF was launched on Oct 3, 2023 and is issued by Sovereign’s.