Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Short Interest Up 97.7% in August

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 40,926 shares, an increase of 97.7% from the July 30th total of 20,703 shares. Based on an average daily volume of 32,715 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.8% of the company’s stock are short sold.

Inspire Fidelis Multi Factor ETF Trading Down 1.2%

Shares of NYSEARCA:FDLS opened at $42.67 on Friday. The stock has a fifty day simple moving average of $42.49 and a two-hundred day simple moving average of $40.40. Inspire Fidelis Multi Factor ETF has a 12-month low of $33.36 and a 12-month high of $44.01. The stock has a market capitalization of $232.55 million, a price-to-earnings ratio of 16.55 and a beta of 1.04.

Institutional Trading of Inspire Fidelis Multi Factor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Inspire Fidelis Multi Factor ETF in the second quarter worth approximately $58,000. EverSource Wealth Advisors LLC boosted its stake in Inspire Fidelis Multi Factor ETF by 39.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,294 shares of the company’s stock valued at $85,000 after purchasing an additional 647 shares during the last quarter. Osaic Holdings Inc. boosted its stake in Inspire Fidelis Multi Factor ETF by 56.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,451 shares of the company’s stock valued at $78,000 after purchasing an additional 882 shares during the last quarter. Integrated Advisors Network LLC bought a new stake in shares of Inspire Fidelis Multi Factor ETF in the 4th quarter worth $200,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Inspire Fidelis Multi Factor ETF by 22.9% during the fourth quarter. Cetera Investment Advisers now owns 7,088 shares of the company’s stock valued at $253,000 after purchasing an additional 1,319 shares in the last quarter.

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.