Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Sees Large Drop in Short Interest

by · The Cerbat Gem

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS – Get Free Report) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 24,463 shares, a decline of 42.6% from the May 31st total of 42,604 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 56,691 shares, the short-interest ratio is presently 0.4 days.

Inspire Fidelis Multi Factor ETF Stock Down 0.3%

Inspire Fidelis Multi Factor ETF stock traded down $0.12 during midday trading on Wednesday, hitting $42.15. The company’s stock had a trading volume of 341,651 shares, compared to its average volume of 37,638. Inspire Fidelis Multi Factor ETF has a 12 month low of $31.27 and a 12 month high of $42.67. The company has a market capitalization of $201.48 million, a PE ratio of 16.55 and a beta of 1.06. The stock’s 50-day moving average price is $40.83 and its 200-day moving average price is $38.80.

Institutional Trading of Inspire Fidelis Multi Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Valmark Advisers Inc. acquired a new position in Inspire Fidelis Multi Factor ETF in the fourth quarter worth approximately $1,261,000. Creative Financial Designs Inc. ADV lifted its position in shares of Inspire Fidelis Multi Factor ETF by 8.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 171,534 shares of the company’s stock valued at $6,131,000 after acquiring an additional 14,066 shares during the last quarter. AE Wealth Management LLC lifted its position in shares of Inspire Fidelis Multi Factor ETF by 61.4% during the 4th quarter. AE Wealth Management LLC now owns 57,553 shares of the company’s stock valued at $2,057,000 after acquiring an additional 21,892 shares during the last quarter. Moneywise Inc. bought a new stake in shares of Inspire Fidelis Multi Factor ETF during the 4th quarter worth $1,666,000. Finally, Strategic Equity Management bought a new stake in shares of Inspire Fidelis Multi Factor ETF during the 4th quarter worth $3,875,000.

About Inspire Fidelis Multi Factor ETF

(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.

Featured Articles