Short Interest in Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Rises By 384.5%

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 6,308 shares, a growth of 384.5% from the December 15th total of 1,302 shares. Based on an average daily trading volume, of 27,928 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 27,928 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Silver Oak Securities Incorporated lifted its holdings in Sovereigns Capital Flourish Fund by 900.8% during the 2nd quarter. Silver Oak Securities Incorporated now owns 22,667 shares of the company’s stock worth $684,000 after buying an additional 20,402 shares in the last quarter. BOS Asset Management LLC increased its position in shares of Sovereigns Capital Flourish Fund by 38.0% during the second quarter. BOS Asset Management LLC now owns 42,252 shares of the company’s stock worth $1,274,000 after acquiring an additional 11,635 shares during the period. Blue Trust Inc. raised its stake in shares of Sovereigns Capital Flourish Fund by 30.9% in the second quarter. Blue Trust Inc. now owns 72,736 shares of the company’s stock valued at $2,194,000 after acquiring an additional 17,175 shares in the last quarter. Cornerstone Management Inc. boosted its holdings in Sovereigns Capital Flourish Fund by 5.7% in the second quarter. Cornerstone Management Inc. now owns 538,613 shares of the company’s stock valued at $16,245,000 after purchasing an additional 28,867 shares during the period. Finally, World Investment Advisors boosted its holdings in Sovereigns Capital Flourish Fund by 2.1% in the second quarter. World Investment Advisors now owns 51,374 shares of the company’s stock valued at $1,549,000 after purchasing an additional 1,033 shares during the period.

Sovereigns Capital Flourish Fund Trading Down 0.6%

SOVF traded down $0.18 during mid-day trading on Tuesday, hitting $30.16. 9,639 shares of the stock were exchanged, compared to its average volume of 9,458. The firm’s fifty day moving average is $28.82 and its two-hundred day moving average is $29.74. Sovereigns Capital Flourish Fund has a 1-year low of $25.70 and a 1-year high of $33.04. The company has a market cap of $103.75 million, a PE ratio of 21.31 and a beta of 1.11.

Sovereigns Capital Flourish Fund Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a dividend of $0.2256 per share. This represents a dividend yield of 77.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

About Sovereigns Capital Flourish Fund

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.