Short Interest in Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Rises By 446.9%

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 2,368 shares, a growth of 446.9% from the June 30th total of 433 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 7,769 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Sovereigns Capital Flourish Fund

A number of hedge funds have recently modified their holdings of SOVF. Bank of America Corp DE bought a new stake in shares of Sovereigns Capital Flourish Fund during the third quarter valued at approximately $25,000. Aptus Capital Advisors LLC bought a new position in Sovereigns Capital Flourish Fund in the third quarter worth $60,000. Operose Advisors LLC boosted its stake in Sovereigns Capital Flourish Fund by 30.6% during the fourth quarter. Operose Advisors LLC now owns 2,016 shares of the company’s stock worth $59,000 after buying an additional 472 shares in the last quarter. AIFG Consultants Ltd. acquired a new stake in Sovereigns Capital Flourish Fund during the fourth quarter worth $222,000. Finally, Envestnet Asset Management Inc. bought a new stake in Sovereigns Capital Flourish Fund in the 3rd quarter valued at $240,000.

Sovereigns Capital Flourish Fund Price Performance

Shares of NYSEARCA SOVF traded up $0.43 during mid-day trading on Friday, hitting $30.08. The company had a trading volume of 1,865 shares, compared to its average volume of 10,653. Sovereigns Capital Flourish Fund has a 12 month low of $26.51 and a 12 month high of $31.38. The firm has a market cap of $94.75 million, a P/E ratio of 21.31 and a beta of 0.96. The business’s 50-day simple moving average is $29.21 and its 200-day simple moving average is $28.78.

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.