Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Stock Short Interest Declines 93.8%

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 896 shares, a decline of 93.8% from the September 30th total of 14,501 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 12,255 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Sovereigns Capital Flourish Fund

Several hedge funds have recently added to or reduced their stakes in SOVF. Arete Wealth Advisors LLC raised its position in Sovereigns Capital Flourish Fund by 11.2% in the first quarter. Arete Wealth Advisors LLC now owns 21,888 shares of the company’s stock worth $587,000 after acquiring an additional 2,209 shares during the period. Keel Point LLC raised its holdings in Sovereigns Capital Flourish Fund by 5.2% in the 1st quarter. Keel Point LLC now owns 63,609 shares of the company’s stock worth $1,705,000 after purchasing an additional 3,122 shares during the period. BOS Asset Management LLC raised its holdings in Sovereigns Capital Flourish Fund by 6.4% in the 3rd quarter. BOS Asset Management LLC now owns 58,163 shares of the company’s stock worth $1,730,000 after purchasing an additional 3,518 shares during the period. World Investment Advisors raised its holdings in Sovereigns Capital Flourish Fund by 12.6% in the 1st quarter. World Investment Advisors now owns 60,281 shares of the company’s stock worth $1,616,000 after purchasing an additional 6,751 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Sovereigns Capital Flourish Fund by 32.0% during the first quarter. EverSource Wealth Advisors LLC now owns 600,714 shares of the company’s stock valued at $16,105,000 after purchasing an additional 145,551 shares in the last quarter.

Sovereigns Capital Flourish Fund Trading Down 0.4%

Shares of NYSEARCA:SOVF traded down $0.14 during midday trading on Monday, reaching $32.14. The company had a trading volume of 8,607 shares, compared to its average volume of 11,171. The stock has a market cap of $90.96 million, a P/E ratio of 21.31 and a beta of 0.98. The company’s 50 day moving average price is $31.30 and its 200 day moving average price is $29.61. Sovereigns Capital Flourish Fund has a 52-week low of $26.51 and a 52-week high of $32.51.

Sovereigns Capital Flourish Fund Company Profile

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.