Short Interest in Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Declines By 79.9%

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 433 shares, a decrease of 79.9% from the June 15th total of 2,156 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 5,134 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Sovereigns Capital Flourish Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Operose Advisors LLC boosted its position in shares of Sovereigns Capital Flourish Fund by 30.6% in the 4th quarter. Operose Advisors LLC now owns 2,016 shares of the company’s stock worth $59,000 after purchasing an additional 472 shares in the last quarter. Bank of America Corp DE purchased a new stake in Sovereigns Capital Flourish Fund in the third quarter valued at about $25,000. Silver Oak Securities Incorporated raised its stake in Sovereigns Capital Flourish Fund by 3.7% in the fourth quarter. Silver Oak Securities Incorporated now owns 33,674 shares of the company’s stock valued at $989,000 after buying an additional 1,204 shares during the last quarter. OneAscent Family Office LLC boosted its holdings in Sovereigns Capital Flourish Fund by 25.7% in the fourth quarter. OneAscent Family Office LLC now owns 8,426 shares of the company’s stock worth $246,000 after acquiring an additional 1,722 shares in the last quarter. Finally, Aptus Capital Advisors LLC acquired a new stake in Sovereigns Capital Flourish Fund in the third quarter worth about $60,000.

Sovereigns Capital Flourish Fund Stock Performance

NYSEARCA:SOVF traded up $0.13 during midday trading on Friday, reaching $30.43. 8,632 shares of the stock traded hands, compared to its average volume of 10,846. The stock has a market capitalization of $96.16 million, a PE ratio of 21.31 and a beta of 0.96. Sovereigns Capital Flourish Fund has a 12-month low of $26.51 and a 12-month high of $31.38. The business has a 50-day moving average of $28.84 and a two-hundred day moving average of $28.72.

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.