Short Interest in FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) Increases By 59.9%

FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 6,626 shares, a growth of 59.9% from the May 14th total of 4,144 shares. Based on an average daily volume of 22,893 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of FIS Bright Portfolios Focused Equity ETF

A hedge fund recently raised its stake in FIS Bright Portfolios Focused Equity ETF stock. Creative Financial Designs Inc. ADV lifted its stake in shares of FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) by 56.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,661 shares of the company’s stock after buying an additional 12,160 shares during the period. Creative Financial Designs Inc. ADV owned about 1.00% of FIS Bright Portfolios Focused Equity ETF worth $1,002,000 as of its most recent SEC filing.

FIS Bright Portfolios Focused Equity ETF Stock Down 0.1%

Shares of BRIF traded down $0.04 during midday trading on Tuesday, hitting $36.32. The company’s stock had a trading volume of 2,675 shares, compared to its average volume of 11,093. FIS Bright Portfolios Focused Equity ETF has a one year low of $26.31 and a one year high of $36.94. The company’s fifty day simple moving average is $33.82 and its two-hundred day simple moving average is $31.63. The stock has a market capitalization of $138.74 million, a price-to-earnings ratio of 27.31 and a beta of 0.93.

About FIS Bright Portfolios Focused Equity ETF

The FIS Bright Portfolios Focused Equity ETF (BRIF) is an exchange-traded fund that mostly invests in large cap equity. The fund actively selects US large-cap stocks based the advisers definition of upholding Christian values combined with an assessment for growth at a reasonable price. BRIF was launched on Dec 20, 2024 and is issued by Faith Investor Services.