Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Short Interest Update

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 6,308 shares, a growth of 384.5% from the December 15th total of 1,302 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 27,928 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 27,928 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

Sovereigns Capital Flourish Fund Stock Performance

NYSEARCA:SOVF traded up $0.16 during trading hours on Wednesday, hitting $30.31. The stock had a trading volume of 10,860 shares, compared to its average volume of 10,402. The business’s 50 day moving average is $28.85 and its 200-day moving average is $29.74. The company has a market cap of $104.27 million, a price-to-earnings ratio of 21.31 and a beta of 1.11. Sovereigns Capital Flourish Fund has a one year low of $25.70 and a one year high of $33.04.

Sovereigns Capital Flourish Fund Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a dividend of $0.2256 per share. This represents a yield of 77.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SOVF. Silver Oak Securities Incorporated raised its position in shares of Sovereigns Capital Flourish Fund by 900.8% during the second quarter. Silver Oak Securities Incorporated now owns 22,667 shares of the company’s stock worth $684,000 after purchasing an additional 20,402 shares during the period. BOS Asset Management LLC raised its holdings in Sovereigns Capital Flourish Fund by 38.0% during the 2nd quarter. BOS Asset Management LLC now owns 42,252 shares of the company’s stock worth $1,274,000 after buying an additional 11,635 shares during the period. Blue Trust Inc. lifted its stake in Sovereigns Capital Flourish Fund by 30.9% in the second quarter. Blue Trust Inc. now owns 72,736 shares of the company’s stock valued at $2,194,000 after buying an additional 17,175 shares in the last quarter. Cornerstone Management Inc. lifted its stake in Sovereigns Capital Flourish Fund by 5.7% in the second quarter. Cornerstone Management Inc. now owns 538,613 shares of the company’s stock valued at $16,245,000 after buying an additional 28,867 shares in the last quarter. Finally, World Investment Advisors boosted its holdings in shares of Sovereigns Capital Flourish Fund by 2.1% in the second quarter. World Investment Advisors now owns 51,374 shares of the company’s stock valued at $1,549,000 after buying an additional 1,033 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.