Short Interest in Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Decreases By 43.1%

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 3,591 shares, a drop of 43.1% from the December 31st total of 6,308 shares. Based on an average daily trading volume, of 10,184 shares, the short-interest ratio is currently 0.4 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 10,184 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Sovereigns Capital Flourish Fund

A number of hedge funds have recently added to or reduced their stakes in SOVF. Values First Advisors Inc. purchased a new position in shares of Sovereigns Capital Flourish Fund in the 4th quarter worth $263,000. Blue Trust Inc. lifted its holdings in Sovereigns Capital Flourish Fund by 7.3% in the fourth quarter. Blue Trust Inc. now owns 86,809 shares of the company’s stock valued at $2,533,000 after acquiring an additional 5,874 shares during the period. Silver Oak Securities Incorporated boosted its position in Sovereigns Capital Flourish Fund by 3.7% in the fourth quarter. Silver Oak Securities Incorporated now owns 33,674 shares of the company’s stock worth $989,000 after purchasing an additional 1,204 shares during the last quarter. BOS Asset Management LLC grew its stake in shares of Sovereigns Capital Flourish Fund by 11.4% during the 4th quarter. BOS Asset Management LLC now owns 48,355 shares of the company’s stock valued at $1,411,000 after purchasing an additional 4,967 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Sovereigns Capital Flourish Fund during the 4th quarter valued at about $3,464,000.

Sovereigns Capital Flourish Fund Stock Down 0.1%

Shares of NYSEARCA:SOVF traded down $0.02 on Friday, hitting $29.84. 4,856 shares of the company traded hands, compared to its average volume of 9,683. The stock has a 50 day simple moving average of $29.48 and a 200-day simple moving average of $29.73. The company has a market cap of $102.35 million, a PE ratio of 21.31 and a beta of 1.11. Sovereigns Capital Flourish Fund has a 52 week low of $25.70 and a 52 week high of $33.04.

Sovereigns Capital Flourish Fund Announces Dividend

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

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.