Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Short Interest Down 45.3% in July

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 20,164 shares, a drop of 45.3% from the June 30th total of 36,860 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 53,046 shares, the short-interest ratio is currently 0.4 days.

Inspire Fidelis Multi Factor ETF Trading Up 1.8%

NYSEARCA FDLS traded up $0.74 during trading hours on Thursday, reaching $42.19. 15,732 shares of the company traded hands, compared to its average volume of 37,064. Inspire Fidelis Multi Factor ETF has a 12 month low of $31.27 and a 12 month high of $42.67. The company has a 50 day moving average of $41.51 and a two-hundred day moving average of $39.65. The stock has a market capitalization of $229.94 million, a PE ratio of 16.55 and a beta of 1.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Inspire Fidelis Multi Factor ETF during the second quarter valued at approximately $58,000. Osaic Holdings Inc. grew its holdings in shares of Inspire Fidelis Multi Factor ETF by 56.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,451 shares of the company’s stock worth $78,000 after acquiring an additional 882 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Inspire Fidelis Multi Factor ETF by 39.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,294 shares of the company’s stock valued at $85,000 after buying an additional 647 shares in the last quarter. Integrated Advisors Network LLC purchased a new position in Inspire Fidelis Multi Factor ETF during the 4th quarter worth approximately $200,000. Finally, Cetera Investment Advisers lifted its stake in Inspire Fidelis Multi Factor ETF by 22.9% in the 4th quarter. Cetera Investment Advisers now owns 7,088 shares of the company’s stock worth $253,000 after acquiring an additional 1,319 shares in the last quarter.

About Inspire Fidelis Multi Factor ETF

The Inspire Fidelis Multi Factor ETF (FDLS) is an exchange-traded fund that is based on the WI Fidelis Multi-Cap, Multi-Factor index. The fund tracks an equal-weighted index that provides exposure to 100 US-listed stocks of various sectors and market capitalizations. Selection is based on high quality, value, and momentum characteristics that include a Christian values component, as defined by the issuer. FDLS was launched on Aug 23, 2022 and is managed by Inspire.