Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Short Interest Update

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 26,434 shares, a growth of 82.4% from the December 31st total of 14,492 shares. Based on an average trading volume of 48,777 shares, the short-interest ratio is presently 0.5 days. Approximately 0.7% of the company’s stock are sold short. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 48,777 shares, the short-interest ratio is presently 0.5 days.

Inspire Fidelis Multi Factor ETF Stock Performance

Shares of FDLS traded down $0.89 on Friday, reaching $37.48. The stock had a trading volume of 38,922 shares, compared to its average volume of 37,616. Inspire Fidelis Multi Factor ETF has a 12-month low of $24.36 and a 12-month high of $38.69. The firm has a market capitalization of $141.67 million, a price-to-earnings ratio of 16.55 and a beta of 1.14. The company has a 50-day simple moving average of $36.68 and a 200-day simple moving average of $34.85.

Inspire Fidelis Multi Factor ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were given a dividend of $0.0957 per share. This is an increase from Inspire Fidelis Multi Factor ETF’s previous quarterly dividend of $0.06. This represents a $0.38 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, December 17th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in Inspire Fidelis Multi Factor ETF during the 2nd quarter valued at approximately $58,000. Osaic Holdings Inc. raised its stake in Inspire Fidelis Multi Factor ETF by 56.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,451 shares of the company’s stock valued at $78,000 after buying an additional 882 shares during the last quarter. Arlington Capital Management Inc. bought a new position in shares of Inspire Fidelis Multi Factor ETF during the 4th quarter valued at $249,000. Strategic Blueprint LLC purchased a new position in shares of Inspire Fidelis Multi Factor ETF in the 4th quarter worth $270,000. Finally, Financial Advocates Investment Management bought a new stake in shares of Inspire Fidelis Multi Factor ETF in the second quarter worth $244,000.

About Inspire Fidelis Multi Factor ETF

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.