Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Sees Significant Growth in Short Interest

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 14,492 shares, a growth of 229.9% from the December 15th total of 4,393 shares. Based on an average trading volume of 24,396 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 24,396 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its position in Inspire Fidelis Multi Factor ETF by 56.2% in the second quarter. Osaic Holdings Inc. now owns 2,451 shares of the company’s stock worth $78,000 after purchasing an additional 882 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Inspire Fidelis Multi Factor ETF by 4.2% during the second quarter. Envestnet Asset Management Inc. now owns 35,739 shares of the company’s stock valued at $1,135,000 after buying an additional 1,436 shares during the period. Raymond James Financial Inc. bought a new stake in Inspire Fidelis Multi Factor ETF during the second quarter valued at approximately $58,000. AE Wealth Management LLC increased its holdings in Inspire Fidelis Multi Factor ETF by 19.3% during the second quarter. AE Wealth Management LLC now owns 26,325 shares of the company’s stock valued at $836,000 after buying an additional 4,258 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in Inspire Fidelis Multi Factor ETF by 4.2% in the third quarter. Creative Financial Designs Inc. ADV now owns 157,468 shares of the company’s stock worth $5,499,000 after acquiring an additional 6,345 shares during the period.

Inspire Fidelis Multi Factor ETF Price Performance

Inspire Fidelis Multi Factor ETF stock traded down $0.52 during midday trading on Tuesday, reaching $37.25. 21,316 shares of the company traded hands, compared to its average volume of 54,146. Inspire Fidelis Multi Factor ETF has a 12 month low of $24.36 and a 12 month high of $37.77. The business has a 50 day moving average of $35.73 and a two-hundred day moving average of $34.31. The firm has a market capitalization of $131.49 million, a price-to-earnings ratio of 16.55 and a beta of 1.14.

Inspire Fidelis Multi Factor ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were paid a $0.0957 dividend. This is an increase from Inspire Fidelis Multi Factor ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, December 17th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.0%.

Inspire Fidelis Multi Factor ETF Company Profile

The Inspire Fidelis Multi Factor ETF (FDLS) is an exchange-traded fund that is based on the WI Fidelis Multi-Cap, Multi-Factor index. The fund tracks an equal-weighted index that provides exposure to 100 US-listed stocks of various sectors and market capitalizations. Selection is based on high quality, value, and momentum characteristics that include a Christian values component, as defined by the issuer. FDLS was launched on Aug 23, 2022 and is managed by Inspire.