FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) Sees Significant Growth in Short Interest

FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 9,478 shares, an increase of 162.6% from the July 15th total of 3,609 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 10,276 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On FIS Bright Portfolios Focused Equity ETF

A hedge fund recently raised its stake in FIS Bright Portfolios Focused Equity ETF stock. Creative Financial Designs Inc. ADV boosted its holdings in shares of FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) by 159.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,293 shares of the company’s stock after purchasing an additional 53,632 shares during the quarter. Creative Financial Designs Inc. ADV owned about 2.43% of FIS Bright Portfolios Focused Equity ETF worth $2,622,000 at the end of the most recent quarter.

FIS Bright Portfolios Focused Equity ETF Stock Performance

BRIF stock opened at $38.44 on Friday. FIS Bright Portfolios Focused Equity ETF has a 1 year low of $28.17 and a 1 year high of $38.55. The company has a fifty day simple moving average of $36.70 and a 200 day simple moving average of $33.63. The firm has a market cap of $161.06 million, a PE ratio of 27.31 and a beta of 0.91.

About FIS Bright Portfolios Focused Equity ETF

The FIS Bright Portfolios Focused Equity ETF (BRIF) is an exchange-traded fund that mostly invests in large cap equity. The fund actively selects US large-cap stocks based the advisers definition of upholding Christian values combined with an assessment for growth at a reasonable price. BRIF was launched on Dec 20, 2024 and is issued by Faith Investor Services.