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

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 24,463 shares, a drop of 42.6% from the May 31st total of 42,604 shares. Based on an average daily volume of 56,691 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FDLS. Inspire Advisors LLC boosted its stake in Inspire Fidelis Multi Factor ETF by 0.8% in the 4th quarter. Inspire Advisors LLC now owns 722,828 shares of the company’s stock worth $25,834,000 after purchasing an additional 5,392 shares during the period. Creative Financial Designs Inc. ADV raised its stake in Inspire Fidelis Multi Factor ETF by 8.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 171,534 shares of the company’s stock valued at $6,131,000 after purchasing an additional 14,066 shares during the period. Strategic Equity Management acquired a new stake in Inspire Fidelis Multi Factor ETF during the 4th quarter valued at $3,875,000. PAX Financial Group LLC lifted its holdings in shares of Inspire Fidelis Multi Factor ETF by 0.4% in the fourth quarter. PAX Financial Group LLC now owns 102,458 shares of the company’s stock valued at $3,662,000 after purchasing an additional 403 shares in the last quarter. Finally, Belpointe Asset Management LLC lifted its holdings in shares of Inspire Fidelis Multi Factor ETF by 2.1% in the fourth quarter. Belpointe Asset Management LLC now owns 70,007 shares of the company’s stock valued at $2,502,000 after purchasing an additional 1,426 shares in the last quarter.

Inspire Fidelis Multi Factor ETF Stock Performance

FDLS traded down $0.12 during trading on Wednesday, reaching $42.15. The company had a trading volume of 341,651 shares, compared to its average volume of 37,638. The firm’s 50-day simple moving average is $40.83 and its 200 day simple moving average is $38.80. The company has a market cap of $201.48 million, a price-to-earnings ratio of 16.55 and a beta of 1.06. Inspire Fidelis Multi Factor ETF has a 12-month low of $31.27 and a 12-month high of $42.67.

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.