Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Short Interest Up 446.9% in July

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 2,368 shares, an increase of 446.9% from the June 30th total of 433 shares. Based on an average trading volume of 7,769 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Sovereigns Capital Flourish Fund Price Performance

Shares of Sovereigns Capital Flourish Fund stock opened at $30.08 on Monday. The company has a 50 day moving average price of $29.21 and a 200 day moving average price of $28.78. The firm has a market capitalization of $94.75 million, a P/E ratio of 21.31 and a beta of 0.96. Sovereigns Capital Flourish Fund has a 52 week low of $26.51 and a 52 week high of $31.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Keel Point LLC grew its holdings in shares of Sovereigns Capital Flourish Fund by 26.2% during the second quarter. Keel Point LLC now owns 61,825 shares of the company’s stock valued at $1,865,000 after buying an additional 12,817 shares during the last quarter. OpenArc Corporate Advisory LLC acquired a new position in shares of Sovereigns Capital Flourish Fund in the 4th quarter valued at $534,000. Aptus Capital Advisors LLC purchased a new position in Sovereigns Capital Flourish Fund in the 3rd quarter worth $60,000. Arete Wealth Advisors LLC raised its stake in Sovereigns Capital Flourish Fund by 11.2% in the 1st quarter. Arete Wealth Advisors LLC now owns 21,888 shares of the company’s stock worth $587,000 after acquiring an additional 2,209 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Sovereigns Capital Flourish Fund by 32.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 600,714 shares of the company’s stock worth $16,105,000 after acquiring an additional 145,551 shares during the last quarter.

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.