Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Short Interest Down 45.3% in July

by · The Cerbat Gem

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS – Get Free Report) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 20,164 shares, a drop of 45.3% from the June 30th total of 36,860 shares. Based on an average daily trading volume, of 53,046 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are sold short.

Inspire Fidelis Multi Factor ETF Stock Performance

Inspire Fidelis Multi Factor ETF stock traded up $0.11 during trading on Friday, reaching $42.30. The company had a trading volume of 9,057 shares, compared to its average volume of 36,871. The firm has a market capitalization of $230.53 million, a PE ratio of 16.55 and a beta of 1.05. The firm’s 50-day simple moving average is $41.55 and its 200 day simple moving average is $39.67. Inspire Fidelis Multi Factor ETF has a 1-year low of $31.27 and a 1-year high of $42.67.

Institutional Trading of Inspire Fidelis Multi Factor ETF

Institutional investors have recently modified their holdings of the stock. Inspire Advisors LLC raised its position in shares of Inspire Fidelis Multi Factor ETF by 0.8% during the 4th quarter. Inspire Advisors LLC now owns 722,828 shares of the company’s stock worth $25,834,000 after purchasing an additional 5,392 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Inspire Fidelis Multi Factor ETF by 8.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 171,534 shares of the company’s stock valued at $6,131,000 after buying an additional 14,066 shares in the last quarter. Strategic Equity Management acquired a new stake in Inspire Fidelis Multi Factor ETF in the 4th quarter worth about $3,875,000. PAX Financial Group LLC boosted its holdings in Inspire Fidelis Multi Factor ETF by 0.4% in the 4th quarter. PAX Financial Group LLC now owns 102,458 shares of the company’s stock worth $3,662,000 after buying an additional 403 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its stake in Inspire Fidelis Multi Factor ETF by 2.1% during the 4th quarter. Belpointe Asset Management LLC now owns 70,007 shares of the company’s stock worth $2,502,000 after buying an additional 1,426 shares in the last quarter.

Inspire Fidelis Multi Factor ETF Company Profile

(Get Free Report)

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.

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