Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Short Interest Down 40.1% in April

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 2,837 shares, a drop of 40.1% from the April 15th total of 4,734 shares. Based on an average daily volume of 6,820 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Sovereigns Capital Flourish Fund Stock Down 0.3%

Shares of SOVF stock traded down $0.09 during mid-day trading on Friday, reaching $27.97. 2,285 shares of the stock traded hands, compared to its average volume of 12,839. The stock’s fifty day simple moving average is $27.86 and its two-hundred day simple moving average is $28.61. Sovereigns Capital Flourish Fund has a 1-year low of $26.51 and a 1-year high of $31.38. The company has a market cap of $90.34 million, a price-to-earnings ratio of 21.31 and a beta of 1.05.

Institutional Trading of Sovereigns Capital Flourish Fund

A number of hedge funds have recently made changes to their positions in SOVF. Bank of America Corp DE acquired a new position in shares of Sovereigns Capital Flourish Fund in the third quarter worth approximately $25,000. Aptus Capital Advisors LLC acquired a new position in shares of Sovereigns Capital Flourish Fund in the third quarter worth approximately $60,000. Operose Advisors LLC lifted its stake in shares of Sovereigns Capital Flourish Fund by 30.6% in the fourth quarter. Operose Advisors LLC now owns 2,016 shares of the company’s stock worth $59,000 after acquiring an additional 472 shares during the period. AIFG Consultants Ltd. acquired a new position in shares of Sovereigns Capital Flourish Fund in the fourth quarter worth approximately $222,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Sovereigns Capital Flourish Fund in the third quarter worth approximately $240,000.

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.