Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Shares Shorted: Short Interest Down 93.8% in October

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 896 shares, a decline of 93.8% from the September 30th total of 14,501 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 12,255 shares, the days-to-cover ratio is currently 0.1 days.

Sovereigns Capital Flourish Fund Stock Performance

Shares of SOVF stock traded down $0.14 during trading on Monday, hitting $32.14. The company had a trading volume of 8,607 shares, compared to its average volume of 11,171. The firm has a market capitalization of $90.96 million, a P/E ratio of 21.31 and a beta of 0.98. Sovereigns Capital Flourish Fund has a one year low of $26.51 and a one year high of $32.51. The stock’s 50-day moving average price is $31.30 and its 200 day moving average price is $29.61.

Institutional Trading of Sovereigns Capital Flourish Fund

Institutional investors have recently modified their holdings of the stock. BOS Asset Management LLC grew its holdings in shares of 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 worth $1,730,000 after purchasing an additional 3,518 shares in the last quarter. Keel Point LLC raised its stake in Sovereigns Capital Flourish Fund by 5.2% in the first quarter. Keel Point LLC now owns 63,609 shares of the company’s stock valued at $1,705,000 after purchasing an additional 3,122 shares in the last quarter. Arete Wealth Advisors LLC raised its stake in Sovereigns Capital Flourish Fund by 11.2% in the first quarter. Arete Wealth Advisors LLC now owns 21,888 shares of the company’s stock valued at $587,000 after purchasing an additional 2,209 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position 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 worth $16,105,000 after purchasing an additional 145,551 shares during the period. Finally, World Investment Advisors lifted its position 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 worth $1,616,000 after purchasing an additional 6,751 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.