Short Interest in Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Increases By 961.5%

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 3,694 shares, an increase of 961.5% from the August 15th total of 348 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 6,462 shares, the days-to-cover ratio is presently 0.6 days.

Sovereigns Capital Flourish Fund Trading Up 1.5%

NYSEARCA:SOVF traded up $0.45 on Friday, hitting $31.43. The company had a trading volume of 3,744 shares, compared to its average volume of 11,240. Sovereigns Capital Flourish Fund has a 52 week low of $26.51 and a 52 week high of $32.51. The stock has a market capitalization of $89.26 million, a price-to-earnings ratio of 21.31 and a beta of 0.94. The firm has a 50 day moving average of $31.31 and a two-hundred day moving average of $29.30.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bank of America Corp DE bought a new stake in Sovereigns Capital Flourish Fund during the 3rd quarter worth $25,000. Operose Advisors LLC boosted its stake in shares of Sovereigns Capital Flourish Fund by 30.6% during the fourth quarter. Operose Advisors LLC now owns 2,016 shares of the company’s stock valued at $59,000 after purchasing an additional 472 shares in the last quarter. Aptus Capital Advisors LLC bought a new stake in shares of Sovereigns Capital Flourish Fund during the third quarter worth about $60,000. AIFG Consultants Ltd. bought a new stake in shares of Sovereigns Capital Flourish Fund during the fourth quarter worth about $222,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Sovereigns Capital Flourish Fund in the third quarter valued at approximately $240,000.

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.