Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Stock Short Interest Rises 1,181.4%

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 11,481 shares, a growth of 1,181.4% from the October 15th total of 896 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 7,300 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On Sovereigns Capital Flourish Fund

Several institutional investors have recently added to or reduced their stakes in SOVF. OneAscent Financial Services LLC raised its position in shares of Sovereigns Capital Flourish Fund by 7.7% in the 3rd quarter. OneAscent Financial Services LLC now owns 178,433 shares of the company’s stock valued at $5,307,000 after purchasing an additional 12,816 shares during the last quarter. BOS Asset Management LLC increased its stake in Sovereigns Capital Flourish Fund by 6.4% during the 3rd quarter. BOS Asset Management LLC now owns 58,163 shares of the company’s stock valued at $1,730,000 after purchasing an additional 3,518 shares in the last quarter. Keel Point LLC increased its stake in Sovereigns Capital Flourish Fund by 5.2% during the 1st quarter. Keel Point LLC now owns 63,609 shares of the company’s stock valued at $1,705,000 after purchasing an additional 3,122 shares in the last quarter. Arete Wealth Advisors LLC raised its holdings in shares of Sovereigns Capital Flourish Fund by 11.2% in the first quarter. Arete Wealth Advisors LLC now owns 21,888 shares of the company’s stock worth $587,000 after buying an additional 2,209 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Sovereigns Capital Flourish Fund by 32.0% in the first quarter. EverSource Wealth Advisors LLC now owns 600,714 shares of the company’s stock worth $16,105,000 after buying an additional 145,551 shares during the last quarter.

Sovereigns Capital Flourish Fund Stock Performance

SOVF stock traded down $0.15 on Thursday, hitting $31.89. 2,006 shares of the company’s stock were exchanged, compared to its average volume of 10,947. Sovereigns Capital Flourish Fund has a 12-month low of $26.51 and a 12-month high of $32.66. The firm has a 50 day moving average price of $31.28 and a two-hundred day moving average price of $29.71. The stock has a market cap of $90.25 million, a P/E ratio of 21.31 and a beta of 0.92.

Sovereigns Capital Flourish Fund Company Profile

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.