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

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 935 shares, a drop of 60.5% from the July 15th total of 2,368 shares. Based on an average trading volume of 30,176 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Sovereigns Capital Flourish Fund Stock Performance

Shares of SOVF opened at $32.51 on Friday. The stock has a 50 day moving average price of $30.05 and a two-hundred day moving average price of $28.90. The firm has a market capitalization of $92.33 million, a P/E ratio of 21.31 and a beta of 0.94. Sovereigns Capital Flourish Fund has a 52 week low of $26.51 and a 52 week high of $32.51.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in Sovereigns Capital Flourish Fund by 32.0% during the first quarter. EverSource Wealth Advisors LLC now owns 600,714 shares of the company’s stock worth $16,105,000 after buying an additional 145,551 shares in the last quarter. OneAscent Financial Services LLC lifted its stake in Sovereigns Capital Flourish Fund by 138.1% during the 4th quarter. OneAscent Financial Services LLC now owns 127,451 shares of the company’s stock valued at $3,719,000 after acquiring an additional 73,919 shares in the last quarter. Cornerstone Management Inc. lifted its stake in Sovereigns Capital Flourish Fund by 7.7% during the 4th quarter. Cornerstone Management Inc. now owns 586,569 shares of the company’s stock valued at $17,116,000 after acquiring an additional 41,858 shares in the last quarter. Bare Financial Services Inc boosted its holdings in Sovereigns Capital Flourish Fund by 24.5% during the 4th quarter. Bare Financial Services Inc now owns 133,326 shares of the company’s stock worth $3,890,000 after acquiring an additional 26,202 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new position in Sovereigns Capital Flourish Fund during the 2nd quarter worth $560,000.

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.