Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Shares Shorted: Short Interest Down 93.8% in October

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 896 shares, a decrease of 93.8% from the September 30th total of 14,501 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 12,255 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Sovereigns Capital Flourish Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Arete Wealth Advisors LLC increased its stake in Sovereigns Capital Flourish Fund by 11.2% in the 1st quarter. Arete Wealth Advisors LLC now owns 21,888 shares of the company’s stock worth $587,000 after purchasing an additional 2,209 shares in the last quarter. Keel Point LLC grew its position in Sovereigns Capital Flourish Fund by 5.2% during the 1st quarter. Keel Point LLC now owns 63,609 shares of the company’s stock worth $1,705,000 after purchasing an additional 3,122 shares in the last quarter. BOS Asset Management LLC grew its position in Sovereigns Capital Flourish Fund by 6.4% during the 3rd quarter. BOS Asset Management LLC now owns 58,163 shares of the company’s stock worth $1,730,000 after purchasing an additional 3,518 shares in the last quarter. World Investment Advisors raised its stake in Sovereigns Capital Flourish Fund by 12.6% during the 1st 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 during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Sovereigns Capital Flourish Fund by 32.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 600,714 shares of the company’s stock valued at $16,105,000 after purchasing an additional 145,551 shares during the period.

Sovereigns Capital Flourish Fund Price Performance

SOVF traded down $0.28 on Tuesday, reaching $31.86. The company’s stock had a trading volume of 8,607 shares, compared to its average volume of 11,171. The stock has a market cap of $90.18 million, a price-to-earnings ratio of 21.31 and a beta of 0.98. Sovereigns Capital Flourish Fund has a 1 year low of $26.51 and a 1 year high of $32.51. The business’s 50 day moving average is $31.30 and its 200 day moving average is $29.61.

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.