Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Short Interest Up 97.7% in August

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 40,926 shares, an increase of 97.7% from the July 30th total of 20,703 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 32,715 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of Inspire Fidelis Multi Factor ETF

Several large investors have recently added to or reduced their stakes in the business. Strategic Equity Management purchased a new stake in Inspire Fidelis Multi Factor ETF in the 4th quarter valued at about $3,875,000. Moneywise Inc. purchased a new position in shares of Inspire Fidelis Multi Factor ETF during the fourth quarter worth approximately $1,666,000. Goldman Sachs Group Inc. bought a new stake in shares of Inspire Fidelis Multi Factor ETF during the first quarter valued at approximately $497,000. LPL Financial LLC boosted its holdings in shares of Inspire Fidelis Multi Factor ETF by 50.2% in the fourth quarter. LPL Financial LLC now owns 52,457 shares of the company’s stock valued at $1,875,000 after purchasing an additional 17,524 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of Inspire Fidelis Multi Factor ETF by 8.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 171,534 shares of the company’s stock valued at $6,131,000 after purchasing an additional 14,066 shares during the period.

Inspire Fidelis Multi Factor ETF Trading Down 1.2%

Shares of FDLS opened at $42.67 on Friday. The firm has a market cap of $232.55 million, a PE ratio of 16.55 and a beta of 1.04. Inspire Fidelis Multi Factor ETF has a 1-year low of $33.36 and a 1-year high of $44.01. The firm has a fifty day simple moving average of $42.49 and a two-hundred day simple moving average of $40.40.

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.