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

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

Sovereigns Capital Flourish Fund Price Performance

Shares of SOVF stock traded up $0.34 on Friday, hitting $31.32. The stock had a trading volume of 683 shares, compared to its average volume of 11,222. Sovereigns Capital Flourish Fund has a 12-month low of $26.51 and a 12-month high of $32.51. The business has a 50 day moving average of $31.29 and a 200 day moving average of $29.28. The stock has a market cap of $88.95 million, a price-to-earnings ratio of 21.31 and a beta of 0.94.

Institutional Trading of Sovereigns Capital Flourish Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Keel Point LLC increased its stake in Sovereigns Capital Flourish Fund by 5.2% in the 1st quarter. Keel Point LLC now owns 63,609 shares of the company’s stock worth $1,705,000 after acquiring an additional 3,122 shares during the last quarter. Arete Wealth Advisors LLC boosted its holdings in shares of Sovereigns Capital Flourish Fund by 11.2% in the 1st quarter. Arete Wealth Advisors LLC now owns 21,888 shares of the company’s stock worth $587,000 after purchasing an additional 2,209 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Sovereigns Capital Flourish Fund by 32.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 600,714 shares of the company’s stock valued at $16,105,000 after buying an additional 145,551 shares in the last quarter. World Investment Advisors lifted its position in Sovereigns Capital Flourish Fund by 12.6% in the 1st quarter. World Investment Advisors now owns 60,281 shares of the company’s stock worth $1,616,000 after buying an additional 6,751 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Sovereigns Capital Flourish Fund by 8.4% in the first quarter. Blue Trust Inc. now owns 94,136 shares of the company’s stock worth $2,524,000 after buying an additional 7,327 shares in the last quarter.

Sovereigns Capital Flourish Fund Company Profile

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.