Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Shares Shorted: Short Interest Up 1,977.5% in September

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 14,501 shares, a growth of 1,977.5% from the September 15th total of 698 shares. Based on an average daily trading volume, of 13,572 shares, the short-interest ratio is currently 1.1 days. Approximately 0.5% of the company’s shares are sold short.

Sovereigns Capital Flourish Fund Trading Up 0.3%

SOVF stock traded up $0.09 during midday trading on Friday, hitting $31.04. The stock had a trading volume of 20,977 shares, compared to its average volume of 11,514. The firm has a market cap of $86.60 million, a P/E ratio of 21.31 and a beta of 0.98. The business has a fifty day moving average price of $31.37 and a two-hundred day moving average price of $29.69. Sovereigns Capital Flourish Fund has a 1-year low of $26.51 and a 1-year high of $32.51.

Hedge Funds Weigh In On Sovereigns Capital Flourish Fund

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

About Sovereigns Capital Flourish Fund

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.