FIS Biblically Responsible Risk Managed ETF (NYSEARCA:PRAY) Sees Significant Increase in Short Interest

FIS Biblically Responsible Risk Managed ETF (NYSEARCA:PRAY) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 5,283 shares, an increase of 271.3% from the July 15th total of 1,423 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,241 shares, the days-to-cover ratio is currently 0.8 days.

FIS Biblically Responsible Risk Managed ETF Stock Performance

NYSEARCA PRAY opened at $36.04 on Thursday. FIS Biblically Responsible Risk Managed ETF has a 52-week low of $30.49 and a 52-week high of $36.43. The company has a market capitalization of $82.17 million, a P/E ratio of -1,984.04 and a beta of 0.84. The company has a fifty day moving average of $35.29 and a 200-day moving average of $34.34.

Institutional Investors Weigh In On FIS Biblically Responsible Risk Managed ETF

A hedge fund recently raised its stake in FIS Biblically Responsible Risk Managed ETF stock. Creative Financial Designs Inc. ADV lifted its position in FIS Biblically Responsible Risk Managed ETF (NYSEARCA:PRAY) by 30.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,618 shares of the company’s stock after purchasing an additional 17,205 shares during the quarter. Creative Financial Designs Inc. ADV owned 3.20% of FIS Biblically Responsible Risk Managed ETF worth $2,333,000 at the end of the most recent quarter.

About FIS Biblically Responsible Risk Managed ETF

The FIS Biblically Responsible Risk Managed ETF (PRAY) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that employs a risk-managed approach to invest in stocks from around the world that are perceived as biblically responsible investments. PRAY was launched on Feb 8, 2022 and is managed by Faith Investor Services.