Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Sees Large Increase in Short Interest

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 14,501 shares, an increase of 1,977.5% from the September 15th total of 698 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 13,572 shares, the short-interest ratio is currently 1.1 days.

Sovereigns Capital Flourish Fund Stock Performance

NYSEARCA SOVF traded up $0.09 during trading hours on Friday, hitting $31.04. The company had a trading volume of 20,977 shares, compared to its average volume of 11,514. The firm has a 50 day simple moving average of $31.37 and a 200 day simple moving average of $29.69. Sovereigns Capital Flourish Fund has a 52 week low of $26.51 and a 52 week high of $32.51. The firm has a market capitalization of $86.60 million, a price-to-earnings ratio of 21.31 and a beta of 0.98.

Institutional Trading of Sovereigns Capital Flourish Fund

Large investors have recently modified their holdings of the business. Cornerstone Management Inc. lifted its position in Sovereigns Capital Flourish Fund by 3.1% during the first quarter. Cornerstone Management Inc. now owns 604,973 shares of the company’s stock valued at $16,219,000 after purchasing an additional 18,404 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Sovereigns Capital Flourish Fund by 32.0% in the first quarter. EverSource Wealth Advisors LLC now owns 600,714 shares of the company’s stock valued at $16,105,000 after acquiring an additional 145,551 shares during the last quarter. Blue Trust Inc. increased its stake in Sovereigns Capital Flourish Fund by 8.4% in the first quarter. Blue Trust Inc. now owns 94,136 shares of the company’s stock valued at $2,524,000 after acquiring an additional 7,327 shares during the last quarter. Keel Point LLC raised its position in Sovereigns Capital Flourish Fund by 5.2% during the first quarter. Keel Point LLC now owns 63,609 shares of the company’s stock valued at $1,705,000 after purchasing an additional 3,122 shares in the last quarter. Finally, World Investment Advisors raised its position in Sovereigns Capital Flourish Fund by 12.6% during the first quarter. World Investment Advisors now owns 60,281 shares of the company’s stock valued at $1,616,000 after purchasing an additional 6,751 shares in the last quarter.

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.