FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) Sees Significant Drop in Short Interest

FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 4,144 shares, a decline of 70.9% from the April 30th total of 14,263 shares. Based on an average daily volume of 11,123 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On FIS Bright Portfolios Focused Equity ETF

A hedge fund recently raised its stake in FIS Bright Portfolios Focused Equity ETF stock. Creative Financial Designs Inc. ADV lifted its position in shares of FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) by 56.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,661 shares of the company’s stock after acquiring an additional 12,160 shares during the quarter. Creative Financial Designs Inc. ADV owned approximately 1.00% of FIS Bright Portfolios Focused Equity ETF worth $1,002,000 at the end of the most recent reporting period.

FIS Bright Portfolios Focused Equity ETF Price Performance

Shares of BRIF stock traded up $0.59 on Friday, reaching $35.99. 6,829 shares of the stock were exchanged, compared to its average volume of 11,555. The stock has a market cap of $137.48 million, a PE ratio of 27.31 and a beta of 0.88. FIS Bright Portfolios Focused Equity ETF has a one year low of $25.74 and a one year high of $35.99. The stock has a 50 day moving average price of $32.50 and a 200 day moving average price of $31.18.

About FIS Bright Portfolios Focused Equity ETF

The FIS Bright Portfolios Focused Equity ETF (BRIF) is an exchange-traded fund that mostly invests in large cap equity. The fund actively selects US large-cap stocks based the advisers definition of upholding Christian values combined with an assessment for growth at a reasonable price. BRIF was launched on Dec 20, 2024 and is issued by Faith Investor Services.