Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Short Interest Update

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

Sovereigns Capital Flourish Fund Stock Performance

NYSEARCA:SOVF traded down $0.10 during trading hours on Thursday, hitting $30.98. 17,841 shares of the company’s stock traded hands, compared to its average volume of 11,283. The firm has a market cap of $87.98 million, a P/E ratio of 21.31 and a beta of 0.94. Sovereigns Capital Flourish Fund has a twelve month low of $26.51 and a twelve month high of $32.51. The stock’s fifty day moving average price is $31.29 and its two-hundred day moving average price is $29.28.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SOVF. Arete Wealth Advisors LLC raised its holdings in Sovereigns Capital Flourish Fund by 11.2% during the first quarter. Arete Wealth Advisors LLC now owns 21,888 shares of the company’s stock valued at $587,000 after buying an additional 2,209 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in 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 valued at $16,105,000 after purchasing an additional 145,551 shares during the last quarter. World Investment Advisors grew its holdings in Sovereigns Capital Flourish Fund by 12.6% during the first quarter. World Investment Advisors now owns 60,281 shares of the company’s stock valued at $1,616,000 after purchasing an additional 6,751 shares during the last quarter. Blue Trust Inc. raised its position in shares of Sovereigns Capital Flourish Fund by 8.4% in the first quarter. Blue Trust Inc. now owns 94,136 shares of the company’s stock valued at $2,524,000 after purchasing an additional 7,327 shares during the period. Finally, Cornerstone Management Inc. boosted its holdings in shares of Sovereigns Capital Flourish Fund by 3.1% during the 1st quarter. Cornerstone Management Inc. now owns 604,973 shares of the company’s stock worth $16,219,000 after buying an additional 18,404 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.