Short Interest in FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) Increases By 59.9%

FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 6,626 shares, an increase of 59.9% from the May 14th total of 4,144 shares. Based on an average daily volume of 22,893 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

FIS Bright Portfolios Focused Equity ETF Stock Down 0.1%

FIS Bright Portfolios Focused Equity ETF stock traded down $0.04 during trading hours on Tuesday, hitting $36.32. The stock had a trading volume of 2,675 shares, compared to its average volume of 11,093. The business’s 50 day simple moving average is $33.82 and its 200-day simple moving average is $31.63. FIS Bright Portfolios Focused Equity ETF has a one year low of $26.31 and a one year high of $36.94. The stock has a market cap of $138.74 million, a price-to-earnings ratio of 27.31 and a beta of 0.93.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FIS Bright Portfolios Focused Equity ETF stock. Creative Financial Designs Inc. ADV increased its holdings in shares of FIS Bright Portfolios Focused Equity ETF (NYSEARCA:BRIF) by 159.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,293 shares of the company’s stock after buying 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 at the end of the most recent quarter.

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.