Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Sees Significant Decline in Short Interest

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 676 shares, a decrease of 76.2% from the April 30th total of 2,837 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 7,550 shares, the days-to-cover ratio is presently 0.1 days.

Sovereigns Capital Flourish Fund Trading Up 0.4%

SOVF stock traded up $0.11 during trading on Friday, hitting $28.73. The company had a trading volume of 2,060 shares, compared to its average volume of 12,015. Sovereigns Capital Flourish Fund has a fifty-two week low of $26.51 and a fifty-two week high of $31.38. The firm has a market capitalization of $92.80 million, a price-to-earnings ratio of 21.31 and a beta of 1.05. The business has a 50 day moving average of $27.99 and a 200 day moving average of $28.59.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Arete Wealth Advisors LLC increased its stake in shares of Sovereigns Capital Flourish Fund by 11.2% during the first quarter. Arete Wealth Advisors LLC now owns 21,888 shares of the company’s stock valued at $587,000 after acquiring an additional 2,209 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of 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 valued at $16,105,000 after acquiring an additional 145,551 shares during the period. World Investment Advisors increased its stake in shares of Sovereigns Capital Flourish Fund by 12.6% during the first quarter. World Investment Advisors now owns 60,281 shares of the company’s stock valued at $1,616,000 after acquiring an additional 6,751 shares during the period. Blue Trust Inc. increased its stake in shares of Sovereigns Capital Flourish Fund by 8.4% during the first quarter. Blue Trust Inc. now owns 94,136 shares of the company’s stock valued at $2,524,000 after acquiring an additional 7,327 shares during the period. Finally, Cornerstone Management Inc. increased its stake in shares of Sovereigns Capital Flourish Fund by 3.1% during the first quarter. Cornerstone Management Inc. now owns 604,973 shares of the company’s stock valued at $16,219,000 after acquiring an additional 18,404 shares during the period.

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.