Short Interest in Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Increases By 936.5%

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 2,156 shares, a growth of 936.5% from the May 31st total of 208 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 8,240 shares, the short-interest ratio is currently 0.3 days.

Sovereigns Capital Flourish Fund Stock Performance

Shares of Sovereigns Capital Flourish Fund stock opened at $28.87 on Friday. Sovereigns Capital Flourish Fund has a 1 year low of $26.51 and a 1 year high of $31.38. The firm’s 50-day simple moving average is $28.54 and its 200-day simple moving average is $28.64. The firm has a market cap of $93.25 million, a PE ratio of 21.31 and a beta of 1.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SOVF. Bank of America Corp DE bought a new stake in shares of Sovereigns Capital Flourish Fund in the 3rd quarter valued at approximately $25,000. Operose Advisors LLC raised its holdings in shares of 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 purchasing an additional 472 shares during the period. Aptus Capital Advisors LLC acquired a new position in shares of Sovereigns Capital Flourish Fund in the 3rd quarter valued at about $60,000. AIFG Consultants Ltd. bought a new stake in shares of Sovereigns Capital Flourish Fund during the 4th quarter valued at about $222,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Sovereigns Capital Flourish Fund during the 3rd quarter valued at about $240,000.

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.