Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS – Get Free Report) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 24,463 shares, a decrease of 42.6% from the May 31st total of 42,604 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 56,691 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in Inspire Fidelis Multi Factor ETF during the second quarter worth about $58,000. Osaic Holdings Inc. increased its position in Inspire Fidelis Multi Factor ETF by 56.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,451 shares of the company’s stock worth $78,000 after purchasing an additional 882 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Inspire Fidelis Multi Factor ETF by 39.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,294 shares of the company’s stock valued at $85,000 after buying an additional 647 shares during the last quarter. Integrated Advisors Network LLC acquired a new position in Inspire Fidelis Multi Factor ETF in the 4th quarter valued at $200,000. Finally, Arlington Capital Management Inc. purchased a new position in shares of Inspire Fidelis Multi Factor ETF during the 4th quarter worth about $249,000.
Inspire Fidelis Multi Factor ETF Stock Down 0.6%
NYSEARCA FDLS traded down $0.24 on Thursday, hitting $41.91. 20,040 shares of the stock were exchanged, compared to its average volume of 37,497. Inspire Fidelis Multi Factor ETF has a fifty-two week low of $31.27 and a fifty-two week high of $42.67. The company has a market cap of $225.48 million, a PE ratio of 16.55 and a beta of 1.04. The company has a 50-day moving average price of $40.87 and a 200-day moving average price of $38.84.
Inspire Fidelis Multi Factor ETF Company Profile
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.
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