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

Sovereigns Capital Flourish Fund (NYSEARCA:SOVF) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 14,501 shares, a growth of 1,977.5% from the September 15th total of 698 shares. Based on an average daily volume of 13,572 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.5% of the shares of the stock are sold short.

Sovereigns Capital Flourish Fund Stock Up 0.3%

Shares of Sovereigns Capital Flourish Fund stock traded up $0.09 during trading on Friday, hitting $31.04. 20,977 shares of the stock traded hands, compared to its average volume of 11,514. The stock has a market cap of $86.60 million, a price-to-earnings ratio of 21.31 and a beta of 0.98. Sovereigns Capital Flourish Fund has a 52 week low of $26.51 and a 52 week high of $32.51. The firm’s fifty day moving average is $31.37 and its 200-day moving average is $29.69.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SOVF. BOS Asset Management LLC lifted its holdings in shares of Sovereigns Capital Flourish Fund by 6.4% in the 3rd quarter. BOS Asset Management LLC now owns 58,163 shares of the company’s stock worth $1,730,000 after acquiring an additional 3,518 shares during the last quarter. Keel Point LLC grew its holdings in shares of Sovereigns Capital Flourish Fund by 5.2% during the 1st quarter. Keel Point LLC now owns 63,609 shares of the company’s stock valued at $1,705,000 after purchasing an additional 3,122 shares during the last quarter. Arete Wealth Advisors LLC grew its holdings in shares of Sovereigns Capital Flourish Fund by 11.2% during the 1st quarter. Arete Wealth Advisors LLC now owns 21,888 shares of the company’s stock valued at $587,000 after purchasing an additional 2,209 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Sovereigns Capital Flourish Fund by 32.0% in the 1st 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 period. Finally, World Investment Advisors raised its position in Sovereigns Capital Flourish Fund by 12.6% in the 1st quarter. World Investment Advisors now owns 60,281 shares of the company’s stock worth $1,616,000 after purchasing an additional 6,751 shares during the period.

About Sovereigns Capital Flourish Fund

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.