FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) Short Interest Up 59.9% in May

FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 6,626 shares, a growth of 59.9% from the May 14th total of 4,144 shares. Based on an average daily volume of 22,893 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares 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 grew its stake in FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) by 159.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 87,293 shares of the company’s stock after acquiring an additional 53,632 shares during the period. Creative Financial Designs Inc. ADV owned about 2.43% of FIS Bright Portfolios Focused Equity ETF worth $2,622,000 as of its most recent filing with the SEC.

FIS Bright Portfolios Focused Equity ETF Stock Performance

FIS Bright Portfolios Focused Equity ETF stock opened at $36.04 on Thursday. The company’s 50 day simple moving average is $34.05 and its 200-day simple moving average is $31.71. The company has a market capitalization of $137.67 million, a price-to-earnings ratio of 27.31 and a beta of 0.93. FIS Bright Portfolios Focused Equity ETF has a 1 year low of $26.31 and a 1 year high of $36.94.

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.