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

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 7,638 shares, a drop of 24.9% from the February 26th total of 10,170 shares. Based on an average daily volume of 39,097 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Inspire Fidelis Multi Factor ETF Stock Up 1.6%

FDLS stock traded up $0.57 during trading on Tuesday, reaching $36.57. The stock had a trading volume of 2,572 shares, compared to its average volume of 37,093. The company has a market capitalization of $140.79 million, a price-to-earnings ratio of 16.55 and a beta of 1.14. Inspire Fidelis Multi Factor ETF has a one year low of $24.36 and a one year high of $39.76. The company’s 50 day moving average is $37.98 and its two-hundred day moving average is $36.32.

Hedge Funds Weigh In On Inspire Fidelis Multi Factor ETF

Institutional investors have recently modified their holdings of the business. Strategic Equity Management purchased a new stake in shares of Inspire Fidelis Multi Factor ETF during the 4th quarter valued at $3,875,000. Belpointe Asset Management LLC bought a new stake in shares of Inspire Fidelis Multi Factor ETF during the 3rd quarter worth $2,395,000. Moneywise Inc. purchased a new position in shares of Inspire Fidelis Multi Factor ETF in the 4th quarter worth about $1,666,000. Valmark Advisers Inc. bought a new position in Inspire Fidelis Multi Factor ETF during the fourth quarter valued at about $1,261,000. Finally, AE Wealth Management LLC grew its position in Inspire Fidelis Multi Factor ETF by 61.4% during the fourth quarter. AE Wealth Management LLC now owns 57,553 shares of the company’s stock valued at $2,057,000 after buying an additional 21,892 shares during the period.

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.