FIS Biblically Responsible Risk Managed ETF (NYSEARCA:PRAY) Sees Significant Decline in Short Interest

FIS Biblically Responsible Risk Managed ETF (NYSEARCA:PRAY) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 4,247 shares, a drop of 83.1% from the December 15th total of 25,136 shares. Based on an average trading volume of 7,268 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 7,268 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On FIS Biblically Responsible Risk Managed ETF

A hedge fund recently raised its stake in FIS Biblically Responsible Risk Managed ETF stock. Flow Traders U.S. LLC raised its holdings in shares of FIS Biblically Responsible Risk Managed ETF (NYSEARCA:PRAY) by 70.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,404 shares of the company’s stock after purchasing an additional 13,774 shares during the quarter. Flow Traders U.S. LLC owned 1.44% of FIS Biblically Responsible Risk Managed ETF worth $1,023,000 as of its most recent SEC filing.

FIS Biblically Responsible Risk Managed ETF Price Performance

NYSEARCA:PRAY traded up $0.13 during mid-day trading on Monday, reaching $32.53. The stock had a trading volume of 28,112 shares, compared to its average volume of 36,987. FIS Biblically Responsible Risk Managed ETF has a 12 month low of $25.13 and a 12 month high of $32.58. The stock has a market capitalization of $75.79 million, a PE ratio of -1,790.81 and a beta of 0.85. The stock has a 50-day simple moving average of $31.49 and a two-hundred day simple moving average of $31.28.

FIS Biblically Responsible Risk Managed ETF Dividend Announcement

The business also recently announced an annual dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, December 9th were issued a $0.2159 dividend. The ex-dividend date was Tuesday, December 9th. This represents a yield of 69.0%. FIS Biblically Responsible Risk Managed ETF’s dividend payout ratio is presently -1,156.07%.

FIS Biblically Responsible Risk Managed ETF Company Profile

The FIS Biblically Responsible Risk Managed ETF (PRAY) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that employs a risk-managed approach to invest in stocks from around the world that are perceived as biblically responsible investments. PRAY was launched on Feb 8, 2022 and is managed by Faith Investor Services.