FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) Sees Significant Growth in Short Interest

FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 9,478 shares, an increase of 162.6% from the July 15th total of 3,609 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 10,276 shares, the days-to-cover ratio is presently 0.9 days.

FIS Bright Portfolios Focused Equity ETF Stock Performance

Shares of BRIF opened at $38.44 on Friday. The business’s 50-day moving average price is $36.70 and its 200 day moving average price is $33.63. The stock has a market capitalization of $161.06 million, a P/E ratio of 27.31 and a beta of 0.91. FIS Bright Portfolios Focused Equity ETF has a 1-year low of $28.17 and a 1-year high of $38.55.

Hedge Funds Weigh In On FIS Bright Portfolios Focused Equity ETF

A hedge fund recently raised its position in FIS Bright Portfolios Focused Equity ETF stock. Creative Financial Designs Inc. ADV raised its stake in FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) by 159.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 87,293 shares of the company’s stock after buying an additional 53,632 shares during the quarter. Creative Financial Designs Inc. ADV owned 2.43% of FIS Bright Portfolios Focused Equity ETF worth $2,622,000 at the end of the most recent reporting period.

FIS Bright Portfolios Focused Equity ETF Company Profile

The FIS Bright Portfolios Focused Equity ETF (BRIF) is an exchange-traded fund that mostly invests in large cap equity. The fund actively selects US large-cap stocks based the advisers definition of upholding Christian values combined with an assessment for growth at a reasonable price. BRIF was launched on Dec 20, 2024 and is issued by Faith Investor Services.