Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Short Interest Down 80.0% in December

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 4,393 shares, a drop of 80.0% from the November 30th total of 21,948 shares. Based on an average daily volume of 29,677 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 29,677 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Inspire Fidelis Multi Factor ETF

Large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of Inspire Fidelis Multi Factor ETF during the 2nd quarter worth about $58,000. Osaic Holdings Inc. lifted its position in Inspire Fidelis Multi Factor ETF by 56.2% during the second quarter. Osaic Holdings Inc. now owns 2,451 shares of the company’s stock worth $78,000 after acquiring an additional 882 shares during the last quarter. Financial Advocates Investment Management bought a new stake in shares of Inspire Fidelis Multi Factor ETF during the second quarter worth approximately $244,000. Citadel Advisors LLC bought a new position in shares of Inspire Fidelis Multi Factor ETF during the third quarter worth approximately $317,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of Inspire Fidelis Multi Factor ETF during the third quarter worth approximately $335,000.

Inspire Fidelis Multi Factor ETF Stock Performance

FDLS traded up $0.01 on Friday, hitting $36.44. 20,946 shares of the company were exchanged, compared to its average volume of 16,422. The company has a market cap of $113.69 million, a PE ratio of 16.55 and a beta of 1.14. Inspire Fidelis Multi Factor ETF has a 12 month low of $24.36 and a 12 month high of $37.33. The stock’s fifty day moving average is $35.36 and its 200-day moving average is $33.84.

Inspire Fidelis Multi Factor ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were given a dividend of $0.0957 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.1%. This is a boost from Inspire Fidelis Multi Factor ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, December 17th.

Inspire Fidelis Multi Factor ETF Company Profile

The Inspire Fidelis Multi Factor ETF (FDLS) is an exchange-traded fund that is based on the WI Fidelis Multi-Cap, Multi-Factor index. The fund tracks an equal-weighted index that provides exposure to 100 US-listed stocks of various sectors and market capitalizations. Selection is based on high quality, value, and momentum characteristics that include a Christian values component, as defined by the issuer. FDLS was launched on Aug 23, 2022 and is managed by Inspire.