Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) Sees Significant Decline in Short Interest

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 676 shares, a decline of 76.2% from the April 30th total of 2,837 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 7,550 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Sovereigns Capital Flourish Fund

Several large investors have recently added to or reduced their stakes in SOVF. EverSource Wealth Advisors LLC lifted its position in shares of Sovereigns Capital Flourish Fund by 32.0% during the first quarter. EverSource Wealth Advisors LLC now owns 600,714 shares of the company’s stock worth $16,105,000 after purchasing an additional 145,551 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Sovereigns Capital Flourish Fund during the fourth quarter valued at approximately $3,464,000. Bare Financial Services Inc raised its holdings in shares of Sovereigns Capital Flourish Fund by 10,731.5% during the third quarter. Bare Financial Services Inc now owns 107,124 shares of the company’s stock valued at $3,244,000 after buying an additional 106,135 shares during the last quarter. OneAscent Financial Services LLC raised its holdings in shares of Sovereigns Capital Flourish Fund by 138.1% during the fourth quarter. OneAscent Financial Services LLC now owns 127,451 shares of the company’s stock valued at $3,719,000 after buying an additional 73,919 shares during the last quarter. Finally, Cornerstone Management Inc. raised its holdings in shares of Sovereigns Capital Flourish Fund by 7.7% during the fourth quarter. Cornerstone Management Inc. now owns 586,569 shares of the company’s stock valued at $17,116,000 after buying an additional 41,858 shares during the last quarter.

Sovereigns Capital Flourish Fund Price Performance

SOVF traded up $0.11 during trading on Friday, hitting $28.73. The company’s stock had a trading volume of 2,060 shares, compared to its average volume of 12,015. The firm’s 50 day moving average price is $27.99 and its 200-day moving average price is $28.59. The stock has a market cap of $92.80 million, a PE ratio of 21.31 and a beta of 1.05. Sovereigns Capital Flourish Fund has a twelve month low of $26.51 and a twelve month high of $31.38.

Sovereigns Capital Flourish Fund Company Profile

The Sovereign’s Capital Flourish Fund (SOVF) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in 80 to 100 US companies whose leaders seek to build corporate cultures based on biblical values. SOVF was launched on Oct 3, 2023 and is issued by Sovereign’s.