Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Shares Shorted: Short Interest Down 93.8% in October

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 896 shares, a decline of 93.8% from the September 30th total of 14,501 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 12,255 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Sovereigns Capital Flourish Fund

A number of large investors have recently made changes to their positions in SOVF. EverSource Wealth Advisors LLC raised its stake in shares of Sovereigns Capital Flourish Fund by 32.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 600,714 shares of the company’s stock valued at $16,105,000 after purchasing an additional 145,551 shares during the period. World Investment Advisors grew its position in Sovereigns Capital Flourish Fund by 12.6% in the first quarter. World Investment Advisors now owns 60,281 shares of the company’s stock worth $1,616,000 after acquiring an additional 6,751 shares in the last quarter. BOS Asset Management LLC increased its position in shares of Sovereigns Capital Flourish Fund by 6.4% during the 3rd quarter. BOS Asset Management LLC now owns 58,163 shares of the company’s stock valued at $1,730,000 after purchasing an additional 3,518 shares during the last quarter. Keel Point LLC raised its position in Sovereigns Capital Flourish Fund by 5.2% in the 1st quarter. Keel Point LLC now owns 63,609 shares of the company’s stock worth $1,705,000 after purchasing an additional 3,122 shares during the period. Finally, Arete Wealth Advisors LLC increased its stake in Sovereigns Capital Flourish Fund by 11.2% in the 1st quarter. Arete Wealth Advisors LLC now owns 21,888 shares of the company’s stock worth $587,000 after purchasing an additional 2,209 shares during the period.

Sovereigns Capital Flourish Fund Stock Performance

NYSEARCA:SOVF traded down $0.31 during trading hours on Wednesday, reaching $31.65. The stock had a trading volume of 22,081 shares, compared to its average volume of 11,176. The stock has a 50 day simple moving average of $31.31 and a 200 day simple moving average of $29.62. The stock has a market cap of $89.57 million, a P/E ratio of 21.31 and a beta of 0.98. Sovereigns Capital Flourish Fund has a 12-month low of $26.51 and a 12-month high of $32.51.

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.