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

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 433 shares, a drop of 79.9% from the June 15th total of 2,156 shares. Based on an average daily trading volume, of 5,134 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Sovereigns Capital Flourish Fund Stock Performance

Sovereigns Capital Flourish Fund stock traded up $0.23 during trading hours on Monday, hitting $30.66. The company had a trading volume of 8,802 shares, compared to its average volume of 10,830. The firm has a market cap of $96.89 million, a P/E ratio of 21.31 and a beta of 0.96. The company has a 50-day moving average price of $28.87 and a two-hundred day moving average price of $28.73. Sovereigns Capital Flourish Fund has a 1 year low of $26.51 and a 1 year high of $31.38.

Institutional Trading of Sovereigns Capital Flourish Fund

A number of large investors have recently modified their holdings of the company. Cornerstone Management Inc. grew its stake in Sovereigns Capital Flourish Fund by 3.1% in the first quarter. Cornerstone Management Inc. now owns 604,973 shares of the company’s stock worth $16,219,000 after purchasing an additional 18,404 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Sovereigns Capital Flourish Fund by 32.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 600,714 shares of the company’s stock valued at $16,105,000 after purchasing an additional 145,551 shares in the last quarter. Vident Advisory LLC raised its position in Sovereigns Capital Flourish Fund by 0.8% during the 3rd quarter. Vident Advisory LLC now owns 416,936 shares of the company’s stock valued at $12,626,000 after purchasing an additional 3,352 shares in the last quarter. Bare Financial Services Inc lifted its holdings in shares of Sovereigns Capital Flourish Fund by 24.5% in the 4th quarter. Bare Financial Services Inc now owns 133,326 shares of the company’s stock worth $3,890,000 after buying an additional 26,202 shares during the period. Finally, OneAscent Financial Services LLC lifted its holdings in shares of Sovereigns Capital Flourish Fund by 138.1% in the 4th quarter. OneAscent Financial Services LLC now owns 127,451 shares of the company’s stock worth $3,719,000 after buying an additional 73,919 shares during the period.

Sovereigns Capital Flourish Fund Company Profile

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.