Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Shares Shorted: Short Interest Up 1,181.4% in October

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) saw a large growth in short interest in October. As of October 30th, there was short interest totaling 11,481 shares, a growth of 1,181.4% from the October 15th total of 896 shares. Based on an average daily volume of 7,300 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake 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 valued at $16,105,000 after acquiring an additional 145,551 shares during the period. OneAscent Financial Services LLC lifted its stake in Sovereigns Capital Flourish Fund by 7.7% during the third quarter. OneAscent Financial Services LLC now owns 178,433 shares of the company’s stock worth $5,307,000 after purchasing an additional 12,816 shares during the period. BOS Asset Management LLC boosted 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 valued at $1,730,000 after purchasing an additional 3,518 shares in the last quarter. Keel Point LLC boosted its holdings in 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 purchasing an additional 3,122 shares in the last quarter. Finally, Arete Wealth Advisors LLC boosted its holdings in Sovereigns Capital Flourish Fund by 11.2% during the first 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 in the last quarter.

Sovereigns Capital Flourish Fund Price Performance

Shares of SOVF traded up $0.27 on Wednesday, reaching $32.08. 2,118 shares of the stock traded hands, compared to its average volume of 10,985. The firm has a market cap of $90.78 million, a price-to-earnings ratio of 21.31 and a beta of 0.92. Sovereigns Capital Flourish Fund has a 12 month low of $26.51 and a 12 month high of $32.66. The stock’s 50-day moving average price is $31.27 and its 200-day moving average price is $29.70.

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.