Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Short Interest Down 80.0% in December

by · The Markets Daily

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS – Get Free Report) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 4,393 shares, a decline of 80.0% from the November 30th total of 21,948 shares. Based on an average trading volume of 29,677 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 29,677 shares, the days-to-cover ratio is presently 0.1 days.

Inspire Fidelis Multi Factor ETF Stock Up 0.2%

Shares of FDLS traded up $0.08 during trading hours on Thursday, hitting $36.43. The company had a trading volume of 8,080 shares, compared to its average volume of 16,404. The firm has a market cap of $113.66 million, a price-to-earnings ratio of 16.55 and a beta of 1.14. The business has a fifty day moving average of $35.27 and a 200-day moving average of $33.78. Inspire Fidelis Multi Factor ETF has a 12 month low of $24.36 and a 12 month high of $37.33.

Inspire Fidelis Multi Factor ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were issued a $0.0957 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.38 annualized dividend and a yield of 1.1%. This is an increase from Inspire Fidelis Multi Factor ETF’s previous quarterly dividend of $0.06.

Institutional Investors Weigh In On Inspire Fidelis Multi Factor ETF

A number of institutional investors have recently made changes to their positions in FDLS. Osaic Holdings Inc. increased its stake in shares of Inspire Fidelis Multi Factor ETF by 56.2% during the second quarter. Osaic Holdings Inc. now owns 2,451 shares of the company’s stock worth $78,000 after purchasing an additional 882 shares during the period. Envestnet Asset Management Inc. grew its holdings 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 valued at $1,135,000 after buying an additional 1,436 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Inspire Fidelis Multi Factor ETF in the 2nd quarter valued at $58,000. AE Wealth Management LLC increased its position in Inspire Fidelis Multi Factor ETF by 19.3% during the 2nd quarter. AE Wealth Management LLC now owns 26,325 shares of the company’s stock worth $836,000 after buying an additional 4,258 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its position in Inspire Fidelis Multi Factor ETF by 4.2% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 157,468 shares of the company’s stock worth $5,499,000 after buying an additional 6,345 shares during the period.

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.

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