Short Interest in Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Decreases By 42.6%

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 24,463 shares, a decrease of 42.6% from the May 31st total of 42,604 shares. Based on an average daily trading volume, of 56,691 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.5% of the company’s stock are short sold.

Inspire Fidelis Multi Factor ETF Stock Performance

FDLS remained flat at $41.91 during trading on Friday. The company had a trading volume of 20,040 shares, compared to its average volume of 37,497. Inspire Fidelis Multi Factor ETF has a 52-week low of $31.27 and a 52-week high of $42.67. The firm’s fifty day moving average price is $40.87 and its 200-day moving average price is $38.84. The stock has a market cap of $225.48 million, a PE ratio of 16.55 and a beta of 1.04.

Institutional Investors Weigh In On Inspire Fidelis Multi Factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new stake in Inspire Fidelis Multi Factor ETF during the 1st quarter valued at $497,000. Raymond James Financial Inc. bought a new position in Inspire Fidelis Multi Factor ETF in the 2nd quarter worth approximately $58,000. Osaic Holdings Inc. increased its holdings in shares of 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. Citadel Advisors LLC purchased a new position in Inspire Fidelis Multi Factor ETF in the third quarter valued at $317,000. Finally, Arlington Capital Management Inc. purchased a new stake in shares of Inspire Fidelis Multi Factor ETF in the fourth quarter valued at about $249,000.

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.