Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Sees Large Increase in Short Interest

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 14,492 shares, a growth of 229.9% from the December 15th total of 4,393 shares. Based on an average daily volume of 24,396 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 24,396 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Inspire Fidelis Multi Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDLS. Raymond James Financial Inc. acquired a new position in Inspire Fidelis Multi Factor ETF during the 2nd quarter valued at about $58,000. Osaic Holdings Inc. raised its stake in shares of Inspire Fidelis Multi Factor ETF by 56.2% during the second quarter. Osaic Holdings Inc. now owns 2,451 shares of the company’s stock worth $78,000 after buying an additional 882 shares during the last quarter. Financial Advocates Investment Management acquired a new position in Inspire Fidelis Multi Factor ETF in the second quarter valued at approximately $244,000. Arlington Capital Management Inc. acquired a new position in Inspire Fidelis Multi Factor ETF in the fourth quarter valued at approximately $249,000. Finally, Citadel Advisors LLC bought a new position in Inspire Fidelis Multi Factor ETF in the third quarter valued at approximately $317,000.

Inspire Fidelis Multi Factor ETF Stock Performance

Shares of FDLS opened at $37.42 on Thursday. The firm has a market capitalization of $139.20 million, a price-to-earnings ratio of 16.55 and a beta of 1.14. The business’s fifty day moving average price is $35.83 and its two-hundred day moving average price is $34.37. Inspire Fidelis Multi Factor ETF has a 52 week low of $24.36 and a 52 week high of $37.77.

Inspire Fidelis Multi Factor ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were paid a dividend of $0.0957 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.0%. This is a boost from Inspire Fidelis Multi Factor ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, December 17th.

Inspire Fidelis Multi Factor ETF Company Profile

The Inspire Fidelis Multi Factor ETF (FDLS) is an exchange-traded fund that is based on the WI Fidelis Multi-Cap, Multi-Factor index. The fund tracks an equal-weighted index that provides exposure to 100 US-listed stocks of various sectors and market capitalizations. Selection is based on high quality, value, and momentum characteristics that include a Christian values component, as defined by the issuer. FDLS was launched on Aug 23, 2022 and is managed by Inspire.