Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Short Interest Update

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 10,170 shares, a drop of 72.0% from the February 12th total of 36,317 shares. Based on an average daily trading volume, of 30,123 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,123 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Inspire Fidelis Multi Factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. purchased a new position in shares of Inspire Fidelis Multi Factor ETF during the first quarter valued at approximately $497,000. Envestnet Asset Management Inc. grew its stake in Inspire Fidelis Multi Factor ETF by 4.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 35,739 shares of the company’s stock worth $1,135,000 after acquiring an additional 1,436 shares during the period. AE Wealth Management LLC grew its stake in Inspire Fidelis Multi Factor ETF by 19.3% in the 2nd quarter. AE Wealth Management LLC now owns 26,325 shares of the company’s stock worth $836,000 after acquiring an additional 4,258 shares during the period. Financial Advocates Investment Management acquired a new position in Inspire Fidelis Multi Factor ETF in the 2nd quarter valued at $244,000. Finally, Raymond James Financial Inc. acquired a new position in Inspire Fidelis Multi Factor ETF in the 2nd quarter valued at $58,000.

Inspire Fidelis Multi Factor ETF Trading Down 0.6%

Shares of NYSEARCA:FDLS traded down $0.22 on Friday, hitting $36.56. The company had a trading volume of 9,076 shares, compared to its average volume of 39,371. The company has a market cap of $140.76 million, a PE ratio of 16.55 and a beta of 1.14. Inspire Fidelis Multi Factor ETF has a 52-week low of $24.36 and a 52-week high of $39.76. The business has a 50 day moving average of $38.09 and a 200 day moving average of $36.07.

Inspire Fidelis Multi Factor ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were issued a $0.0957 dividend. This is a positive change from Inspire Fidelis Multi Factor ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, December 17th. This represents a $0.38 dividend on an annualized basis and a yield of 1.0%.

About Inspire Fidelis Multi Factor ETF

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.