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

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

Sovereigns Capital Flourish Fund Stock Up 1.5%

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Sovereigns Capital Flourish Fund by 32.0% during the first 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. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Sovereigns Capital Flourish Fund during the 4th quarter worth $3,464,000. OneAscent Financial Services LLC grew its holdings in shares of Sovereigns Capital Flourish Fund by 138.1% during the 4th quarter. OneAscent Financial Services LLC now owns 127,451 shares of the company’s stock worth $3,719,000 after purchasing an additional 73,919 shares in the last quarter. Cornerstone Management Inc. increased its position in shares of Sovereigns Capital Flourish Fund by 7.7% in the fourth quarter. Cornerstone Management Inc. now owns 586,569 shares of the company’s stock worth $17,116,000 after purchasing an additional 41,858 shares during the period. Finally, Bare Financial Services Inc increased its position in shares of Sovereigns Capital Flourish Fund by 24.5% in the fourth quarter. Bare Financial Services Inc now owns 133,326 shares of the company’s stock worth $3,890,000 after purchasing an additional 26,202 shares during the period.

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.