Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Sees Large Growth in Short Interest

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 14,492 shares, a growth of 229.9% from the December 15th total of 4,393 shares. Based on an average trading volume of 24,396 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 24,396 shares, the short-interest ratio is presently 0.6 days.

Inspire Fidelis Multi Factor ETF Stock Performance

Shares of NYSEARCA FDLS traded up $0.10 during midday trading on Wednesday, reaching $37.42. 26,412 shares of the company traded hands, compared to its average volume of 51,612. The firm has a market cap of $139.20 million, a PE ratio of 16.55 and a beta of 1.14. The stock’s 50-day simple moving average is $35.83 and its 200-day simple moving average is $34.37. Inspire Fidelis Multi Factor ETF has a 12 month low of $24.36 and a 12 month high of $37.77.

Inspire Fidelis Multi Factor ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 17th were issued a dividend of $0.0957 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.38 annualized dividend and a yield of 1.0%. This is an increase from Inspire Fidelis Multi Factor ETF’s previous quarterly dividend of $0.06.

Institutional Trading of Inspire Fidelis Multi Factor ETF

Several large investors have recently added to or reduced their stakes in FDLS. Goldman Sachs Group Inc. bought a new position in shares of Inspire Fidelis Multi Factor ETF in the first quarter valued at approximately $497,000. Envestnet Asset Management Inc. grew its position in Inspire Fidelis Multi Factor ETF by 4.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 35,739 shares of the company’s stock worth $1,135,000 after acquiring an additional 1,436 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in Inspire Fidelis Multi Factor ETF by 1,942.8% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 151,123 shares of the company’s stock valued at $4,797,000 after purchasing an additional 143,725 shares in the last quarter. AE Wealth Management LLC raised its position in Inspire Fidelis Multi Factor ETF by 19.3% in the 2nd quarter. AE Wealth Management LLC now owns 26,325 shares of the company’s stock valued at $836,000 after purchasing an additional 4,258 shares during the last quarter. Finally, Financial Advocates Investment Management bought a new position in Inspire Fidelis Multi Factor ETF in the 2nd quarter valued at $244,000.

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.