Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Short Interest Up 97.7% in August

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 40,926 shares, a growth of 97.7% from the July 30th total of 20,703 shares. Based on an average daily volume of 32,715 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.8% of the company’s stock are short sold.

Inspire Fidelis Multi Factor ETF Stock Performance

Shares of NYSEARCA:FDLS traded down $0.16 during midday trading on Monday, reaching $42.51. 27,953 shares of the company’s stock traded hands, compared to its average volume of 35,871. Inspire Fidelis Multi Factor ETF has a one year low of $33.36 and a one year high of $44.01. The company has a market cap of $231.68 million, a price-to-earnings ratio of 16.55 and a beta of 1.04. The stock has a 50 day moving average of $42.49 and a 200 day moving average of $40.41.

Institutional Trading of Inspire Fidelis Multi Factor ETF

A number of institutional investors have recently made changes to their positions in the stock. Arlington Capital Management Inc. lifted its holdings in shares of Inspire Fidelis Multi Factor ETF by 4.5% during the 1st quarter. Arlington Capital Management Inc. now owns 7,293 shares of the company’s stock valued at $269,000 after buying an additional 317 shares during the period. PAX Financial Group LLC grew its holdings in shares of Inspire Fidelis Multi Factor ETF by 0.4% in the fourth quarter. PAX Financial Group LLC now owns 102,458 shares of the company’s stock worth $3,662,000 after acquiring an additional 403 shares during the period. Valmark Advisers Inc. grew its holdings in shares of Inspire Fidelis Multi Factor ETF by 1.6% in the first quarter. Valmark Advisers Inc. now owns 35,830 shares of the company’s stock worth $1,324,000 after acquiring an additional 558 shares during the period. EverSource Wealth Advisors LLC increased its position in Inspire Fidelis Multi Factor ETF by 39.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,294 shares of the company’s stock valued at $85,000 after acquiring an additional 647 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in Inspire Fidelis Multi Factor ETF by 56.2% during the second quarter. Osaic Holdings Inc. now owns 2,451 shares of the company’s stock valued at $78,000 after acquiring an additional 882 shares during the last quarter.

About Inspire Fidelis Multi Factor ETF

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.