Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Short Interest Update

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 14,492 shares, an increase of 229.9% from the December 15th total of 4,393 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 24,396 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 24,396 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Trading of Inspire Fidelis Multi Factor ETF

Several large investors have recently made changes to their positions in the business. Osaic Holdings Inc. increased its stake in shares of Inspire Fidelis Multi Factor ETF by 56.2% in the second 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 period. Envestnet Asset Management Inc. boosted its holdings in Inspire Fidelis Multi Factor ETF by 4.2% in the second quarter. Envestnet Asset Management Inc. now owns 35,739 shares of the company’s stock valued at $1,135,000 after purchasing an additional 1,436 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Inspire Fidelis Multi Factor ETF in the second quarter valued at $58,000. AE Wealth Management LLC grew its position in Inspire Fidelis Multi Factor ETF by 19.3% during the 2nd quarter. AE Wealth Management LLC now owns 26,325 shares of the company’s stock worth $836,000 after purchasing an additional 4,258 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of Inspire Fidelis Multi Factor ETF by 4.2% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 157,468 shares of the company’s stock valued at $5,499,000 after buying an additional 6,345 shares during the last quarter.

Inspire Fidelis Multi Factor ETF Stock Down 1.4%

Shares of NYSEARCA:FDLS traded down $0.52 during trading on Tuesday, hitting $37.25. The stock had a trading volume of 21,316 shares, compared to its average volume of 54,146. Inspire Fidelis Multi Factor ETF has a 12-month low of $24.36 and a 12-month high of $37.77. The stock has a market capitalization of $131.49 million, a price-to-earnings ratio of 16.55 and a beta of 1.14. The stock has a 50-day simple moving average of $35.73 and a two-hundred day simple moving average of $34.31.

Inspire Fidelis Multi Factor ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were given a dividend of $0.0957 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.38 dividend on an annualized basis and a yield of 1.0%. This is a boost from Inspire Fidelis Multi Factor ETF’s previous quarterly dividend of $0.06.

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.