Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Short Interest Up 43.1% in February

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 1,813 shares, an increase of 43.1% from the February 12th total of 1,267 shares. Based on an average daily trading volume, of 10,585 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 10,585 shares, the short-interest ratio is currently 0.2 days.

Sovereigns Capital Flourish Fund Stock Performance

Shares of NYSEARCA SOVF remained flat at $27.24 during mid-day trading on Friday. 52,907 shares of the stock were exchanged, compared to its average volume of 11,153. The company has a market capitalization of $93.43 million, a PE ratio of 21.31 and a beta of 1.11. The business has a fifty day moving average of $29.15 and a 200-day moving average of $29.39. Sovereigns Capital Flourish Fund has a 52-week low of $25.70 and a 52-week high of $31.38.

Sovereigns Capital Flourish Fund Announces Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were given a $0.2256 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 77.0%.

Institutional Trading of Sovereigns Capital Flourish Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SOVF. Bank of America Corp DE purchased a new stake in shares of Sovereigns Capital Flourish Fund in the third quarter worth approximately $25,000. Aptus Capital Advisors LLC bought a new stake in Sovereigns Capital Flourish Fund during the third quarter worth $60,000. Operose Advisors LLC grew its holdings in Sovereigns Capital Flourish Fund by 30.6% during the fourth quarter. Operose Advisors LLC now owns 2,016 shares of the company’s stock worth $59,000 after buying an additional 472 shares in the last quarter. AIFG Consultants Ltd. purchased a new stake in Sovereigns Capital Flourish Fund in the 4th quarter valued at $222,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Sovereigns Capital Flourish Fund in the 3rd quarter valued at $240,000.

Sovereigns Capital Flourish Fund Company Profile

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.