Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Short Interest Up 82.4% in January

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 26,434 shares, a growth of 82.4% from the December 31st total of 14,492 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 48,777 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 48,777 shares, the short-interest ratio is presently 0.5 days. Approximately 0.7% of the company’s stock are sold short.

Hedge Funds Weigh In On Inspire Fidelis Multi Factor ETF

A number of hedge funds have recently bought and sold shares of FDLS. Raymond James Financial Inc. bought a new stake in shares of Inspire Fidelis Multi Factor ETF in the second quarter worth approximately $58,000. Osaic Holdings Inc. boosted its holdings in Inspire Fidelis Multi Factor ETF by 56.2% in the second quarter. Osaic Holdings Inc. now owns 2,451 shares of the company’s stock worth $78,000 after purchasing an additional 882 shares during the last quarter. Financial Advocates Investment Management purchased a new stake in Inspire Fidelis Multi Factor ETF in the second quarter worth approximately $244,000. Arlington Capital Management Inc. bought a new stake in Inspire Fidelis Multi Factor ETF in the 4th quarter worth approximately $249,000. Finally, Strategic Blueprint LLC purchased a new stake in Inspire Fidelis Multi Factor ETF during the 4th quarter valued at $270,000.

Inspire Fidelis Multi Factor ETF Stock Performance

Shares of FDLS traded down $0.89 on Friday, hitting $37.48. 38,922 shares of the stock traded hands, compared to its average volume of 37,616. The business has a 50 day simple moving average of $36.68 and a 200 day simple moving average of $34.87. Inspire Fidelis Multi Factor ETF has a one year low of $24.36 and a one year high of $38.69. The company has a market capitalization of $141.67 million, a PE ratio of 16.55 and a beta of 1.14.

Inspire Fidelis Multi Factor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 17th were given a dividend of $0.0957 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.0%. 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.

About Inspire Fidelis Multi Factor ETF

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.