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

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 3,694 shares, a growth of 961.5% from the August 15th total of 348 shares. Based on an average daily trading volume, of 6,462 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Sovereigns Capital Flourish Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new stake in Sovereigns Capital Flourish Fund in the 3rd quarter valued at approximately $25,000. Aptus Capital Advisors LLC acquired a new position in Sovereigns Capital Flourish Fund during the 3rd quarter valued at about $60,000. Operose Advisors LLC raised its stake in shares of Sovereigns Capital Flourish Fund by 30.6% in the 4th 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 in the 4th quarter valued at about $222,000. Finally, Envestnet Asset Management Inc. bought a new stake in Sovereigns Capital Flourish Fund during the third quarter worth approximately $240,000.

Sovereigns Capital Flourish Fund Trading Down 0.3%

Sovereigns Capital Flourish Fund stock traded down $0.10 during midday trading on Thursday, reaching $30.98. 17,841 shares of the stock traded hands, compared to its average volume of 11,283. The firm has a fifty day moving average price of $31.29 and a two-hundred day moving average price of $29.28. The firm has a market cap of $87.98 million, a price-to-earnings ratio of 21.31 and a beta of 0.94. Sovereigns Capital Flourish Fund has a fifty-two week low of $26.51 and a fifty-two week high of $32.51.

About Sovereigns Capital Flourish Fund

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.