FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) Sees Large Decline in Short Interest

FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 5,357 shares, a drop of 62.7% from the August 15th total of 14,349 shares. Based on an average daily volume of 10,463 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On FIS Bright Portfolios Focused Equity ETF

An institutional investor recently raised its position in FIS Bright Portfolios Focused Equity ETF stock. Creative Financial Designs Inc. ADV grew its holdings in FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) by 159.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,293 shares of the company’s stock after acquiring an additional 53,632 shares during the period. Creative Financial Designs Inc. ADV owned about 2.43% of FIS Bright Portfolios Focused Equity ETF worth $2,622,000 as of its most recent filing with the Securities & Exchange Commission.

FIS Bright Portfolios Focused Equity ETF Trading Down 0.9%

FIS Bright Portfolios Focused Equity ETF stock traded down $0.34 during mid-day trading on Monday, hitting $36.81. The company’s stock had a trading volume of 2,488 shares, compared to its average volume of 10,634. The stock’s fifty day moving average is $37.27 and its two-hundred day moving average is $34.64. The firm has a market capitalization of $154.23 million, a PE ratio of 27.31 and a beta of 0.90. FIS Bright Portfolios Focused Equity ETF has a 1 year low of $29.06 and a 1 year high of $38.55.

About FIS Bright Portfolios Focused Equity ETF

The FIS Bright Portfolios Focused Equity ETF (BRIF) is an exchange-traded fund that mostly invests in large cap equity. The fund actively selects US large-cap stocks based the advisers definition of upholding Christian values combined with an assessment for growth at a reasonable price. BRIF was launched on Dec 20, 2024 and is issued by Faith Investor Services.