Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Short Interest Update

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 20,164 shares, a decline of 45.3% from the June 30th total of 36,860 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 53,046 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Inspire Fidelis Multi Factor ETF

Several institutional investors have recently added to or reduced their stakes in FDLS. Raymond James Financial Inc. acquired a new position in Inspire Fidelis Multi Factor ETF in the second quarter valued at approximately $58,000. EverSource Wealth Advisors LLC increased its stake in Inspire Fidelis Multi Factor ETF by 39.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,294 shares of the company’s stock valued at $85,000 after purchasing an additional 647 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Inspire Fidelis Multi Factor ETF by 56.2% during the second quarter. Osaic Holdings Inc. now owns 2,451 shares of the company’s stock worth $78,000 after purchasing an additional 882 shares in the last quarter. Integrated Advisors Network LLC acquired a new stake in Inspire Fidelis Multi Factor ETF during the fourth quarter worth approximately $200,000. Finally, Cetera Investment Advisers raised its holdings in Inspire Fidelis Multi Factor ETF by 22.9% during the fourth quarter. Cetera Investment Advisers now owns 7,088 shares of the company’s stock worth $253,000 after purchasing an additional 1,319 shares in the last quarter.

Inspire Fidelis Multi Factor ETF Stock Performance

NYSEARCA FDLS traded down $0.65 during trading on Wednesday, reaching $41.45. 17,129 shares of the company’s stock were exchanged, compared to its average volume of 37,213. The company has a 50 day moving average price of $41.47 and a two-hundred day moving average price of $39.61. The stock has a market cap of $223.83 million, a P/E ratio of 16.55 and a beta of 1.05. Inspire Fidelis Multi Factor ETF has a 1 year low of $31.27 and a 1 year high of $42.67.

Inspire Fidelis Multi Factor ETF Company Profile

The Inspire Fidelis Multi Factor ETF (FDLS) is an exchange-traded fund that is based on the WI Fidelis Multi-Cap, Multi-Factor index. The fund tracks an equal-weighted index that provides exposure to 100 US-listed stocks of various sectors and market capitalizations. Selection is based on high quality, value, and momentum characteristics that include a Christian values component, as defined by the issuer. FDLS was launched on Aug 23, 2022 and is managed by Inspire.