Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Short Interest Update

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 7,638 shares, a drop of 24.9% from the February 26th total of 10,170 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 39,097 shares, the short-interest ratio is presently 0.2 days.

Inspire Fidelis Multi Factor ETF Trading Down 0.9%

Shares of NYSEARCA FDLS traded down $0.32 during trading on Monday, reaching $36.00. The company had a trading volume of 79,288 shares, compared to its average volume of 37,703. Inspire Fidelis Multi Factor ETF has a twelve month low of $24.36 and a twelve month high of $39.76. The stock has a 50-day moving average price of $37.98 and a two-hundred day moving average price of $36.32. The stock has a market capitalization of $138.60 million, a PE ratio of 16.55 and a beta of 1.14.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Inspire Fidelis Multi Factor ETF in the 2nd quarter valued at about $58,000. Osaic Holdings Inc. grew its holdings 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 in the last quarter. Integrated Advisors Network LLC acquired a new position in shares of Inspire Fidelis Multi Factor ETF in the fourth quarter valued at approximately $200,000. Financial Advocates Investment Management acquired a new position in shares of Inspire Fidelis Multi Factor ETF in the second quarter valued at approximately $244,000. Finally, Arlington Capital Management Inc. purchased a new position in shares of Inspire Fidelis Multi Factor ETF during the fourth quarter valued at approximately $249,000.

About Inspire Fidelis Multi Factor ETF

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.