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

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 36,317 shares, a growth of 142.3% from the January 29th total of 14,990 shares. Based on an average daily volume of 54,782 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.9% of the shares of the stock are sold short. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 54,782 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Inspire Fidelis Multi Factor ETF

Institutional investors have recently bought and sold shares of the stock. AE Wealth Management LLC boosted its position in shares of Inspire Fidelis Multi Factor ETF by 19.3% during the second quarter. AE Wealth Management LLC now owns 26,325 shares of the company’s stock valued at $836,000 after buying an additional 4,258 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in shares of 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 worth $4,797,000 after acquiring an additional 143,725 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in Inspire Fidelis Multi Factor ETF during the 3rd quarter valued at $2,395,000. Financial Advocates Investment Management bought a new position in Inspire Fidelis Multi Factor ETF in the 2nd quarter valued at $244,000. Finally, Geneos Wealth Management Inc. purchased a new stake in Inspire Fidelis Multi Factor ETF in the third quarter worth $335,000.

Inspire Fidelis Multi Factor ETF Price Performance

Shares of NYSEARCA FDLS traded down $0.24 during mid-day trading on Friday, hitting $39.23. 18,877 shares of the company’s stock traded hands, compared to its average volume of 40,269. Inspire Fidelis Multi Factor ETF has a 1 year low of $24.36 and a 1 year high of $39.76. The company’s 50-day moving average is $37.76 and its two-hundred day moving average is $35.79. The company has a market capitalization of $151.04 million, a P/E ratio of 16.55 and a beta of 1.14.

Inspire Fidelis Multi Factor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were paid a $0.0957 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, December 17th. This is a positive change 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.