Short Interest in Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Decreases By 80.0%

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 4,393 shares, a drop of 80.0% from the November 30th total of 21,948 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 29,677 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 29,677 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDLS. Creative Financial Designs Inc. ADV raised its stake in Inspire Fidelis Multi Factor ETF by 1,942.8% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 151,123 shares of the company’s stock valued at $4,797,000 after buying an additional 143,725 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in shares of Inspire Fidelis Multi Factor ETF in the third quarter worth $2,395,000. Goldman Sachs Group Inc. purchased a new stake in Inspire Fidelis Multi Factor ETF during the first quarter valued at $497,000. Revisor Wealth Management LLC purchased a new stake in Inspire Fidelis Multi Factor ETF during the third quarter valued at $351,000. Finally, Geneos Wealth Management Inc. bought a new position in Inspire Fidelis Multi Factor ETF in the third quarter valued at about $335,000.

Inspire Fidelis Multi Factor ETF Stock Performance

Shares of NYSEARCA:FDLS traded up $0.01 during midday trading on Friday, reaching $36.44. 20,946 shares of the company’s stock traded hands, compared to its average volume of 16,422. Inspire Fidelis Multi Factor ETF has a one year low of $24.36 and a one year high of $37.33. The stock has a 50 day moving average of $35.36 and a 200 day moving average of $33.84. The company has a market cap of $113.69 million, a price-to-earnings ratio of 16.55 and a beta of 1.14.

Inspire Fidelis Multi Factor ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were paid a $0.0957 dividend. This is a boost from Inspire Fidelis Multi Factor ETF’s previous quarterly dividend of $0.06. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, December 17th.

Inspire Fidelis Multi Factor ETF Company Profile

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.