Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Stock Short Interest Report for October

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 11,481 shares, an increase of 1,181.4% from the October 15th total of 896 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 7,300 shares, the days-to-cover ratio is currently 1.6 days.

Sovereigns Capital Flourish Fund Price Performance

SOVF traded down $0.05 during trading on Tuesday, reaching $31.81. 2,568 shares of the stock were exchanged, compared to its average volume of 11,026. The business’s 50 day moving average price is $31.27 and its two-hundred day moving average price is $29.70. The company has a market capitalization of $90.02 million, a price-to-earnings ratio of 21.31 and a beta of 0.92. Sovereigns Capital Flourish Fund has a 1 year low of $26.51 and a 1 year high of $32.66.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SOVF. EverSource Wealth Advisors LLC boosted its position in shares of Sovereigns Capital Flourish Fund by 32.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 600,714 shares of the company’s stock worth $16,105,000 after buying an additional 145,551 shares in the last quarter. OneAscent Financial Services LLC grew its stake in Sovereigns Capital Flourish Fund by 7.7% in the 3rd quarter. OneAscent Financial Services LLC now owns 178,433 shares of the company’s stock valued at $5,307,000 after acquiring an additional 12,816 shares during the last quarter. Keel Point LLC increased its holdings in Sovereigns Capital Flourish Fund by 5.2% during the 1st quarter. Keel Point LLC now owns 63,609 shares of the company’s stock valued at $1,705,000 after acquiring an additional 3,122 shares in the last quarter. BOS Asset Management LLC increased its holdings in 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 acquiring an additional 3,518 shares in the last quarter. Finally, Arete Wealth Advisors LLC increased its holdings in Sovereigns Capital Flourish Fund by 11.2% during the 1st 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 in the last quarter.

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.