Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Short Interest Up 446.9% in July

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

Institutional Trading of Sovereigns Capital Flourish Fund

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in Sovereigns Capital Flourish Fund by 32.0% in the first quarter. EverSource Wealth Advisors LLC now owns 600,714 shares of the company’s stock valued at $16,105,000 after acquiring an additional 145,551 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Sovereigns Capital Flourish Fund during the fourth quarter worth $3,464,000. OneAscent Financial Services LLC lifted its stake in Sovereigns Capital Flourish Fund by 138.1% during the fourth 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 during the last quarter. Cornerstone Management Inc. lifted its stake in Sovereigns Capital Flourish Fund by 7.7% during 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 last quarter. Finally, Bare Financial Services Inc boosted its holdings in shares of Sovereigns Capital Flourish Fund by 24.5% in the 4th quarter. Bare Financial Services Inc now owns 133,326 shares of the company’s stock valued at $3,890,000 after purchasing an additional 26,202 shares in the last quarter.

Sovereigns Capital Flourish Fund Trading Up 1.5%

SOVF stock traded up $0.43 during mid-day trading on Friday, hitting $30.08. The stock had a trading volume of 1,865 shares, compared to its average volume of 10,653. The firm has a fifty day simple moving average of $29.21 and a 200 day simple moving average of $28.78. The firm has a market capitalization of $94.75 million, a P/E ratio of 21.31 and a beta of 0.96. Sovereigns Capital Flourish Fund has a 52 week low of $26.51 and a 52 week high of $31.38.

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.