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

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 4,393 shares, a drop of 80.0% from the November 30th total of 21,948 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 29,677 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 29,677 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDLS. Creative Financial Designs Inc. ADV boosted its stake in shares of Inspire Fidelis Multi Factor ETF by 4.2% in 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 last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Inspire Fidelis Multi Factor ETF during the 3rd quarter valued at $2,395,000. Envestnet Asset Management Inc. boosted its holdings in shares of Inspire Fidelis Multi Factor ETF by 11.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 39,907 shares of the company’s stock worth $1,394,000 after buying an additional 4,168 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of Inspire Fidelis Multi Factor ETF by 35.5% in the 3rd quarter. AE Wealth Management LLC now owns 35,661 shares of the company’s stock worth $1,245,000 after buying an additional 9,336 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in Inspire Fidelis Multi Factor ETF during the first quarter valued at about $497,000.

Inspire Fidelis Multi Factor ETF Stock Performance

Shares of Inspire Fidelis Multi Factor ETF stock traded up $0.08 on Thursday, hitting $36.43. The company had a trading volume of 8,080 shares, compared to its average volume of 16,404. Inspire Fidelis Multi Factor ETF has a 1 year low of $24.36 and a 1 year high of $37.33. The stock has a 50 day moving average of $35.27 and a 200-day moving average of $33.78. The stock has a market capitalization of $113.66 million, a price-to-earnings ratio of 16.55 and a beta of 1.14.

Inspire Fidelis Multi Factor ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were paid a $0.0957 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, December 17th. This is a positive change from Inspire Fidelis Multi Factor ETF’s previous quarterly dividend of $0.06.

Inspire Fidelis Multi Factor ETF Company Profile

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.