FIS Biblically Responsible Risk Managed ETF (NYSEARCA:PRAY) Sees Large Growth in Short Interest

FIS Biblically Responsible Risk Managed ETF (NYSEARCA:PRAY) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 5,400 shares, anincreaseof440.0% from the July 31st total of 1,000 shares. Based on an average daily trading volume, of 4,800 shares, the short-interest ratio is currently 1.1 days. Based on an average daily trading volume, of 4,800 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in FIS Biblically Responsible Risk Managed ETF stock. Flow Traders U.S. LLC raised its stake in FIS Biblically Responsible Risk Managed ETF (NYSEARCA:PRAY) by 70.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,404 shares of the company’s stock after buying an additional 13,774 shares during the period. Flow Traders U.S. LLC owned approximately 1.44% of FIS Biblically Responsible Risk Managed ETF worth $1,023,000 as of its most recent filing with the SEC.

FIS Biblically Responsible Risk Managed ETF Price Performance

Shares of NYSEARCA:PRAY opened at $31.20 on Wednesday. FIS Biblically Responsible Risk Managed ETF has a 12 month low of $25.13 and a 12 month high of $31.71. The stock has a market cap of $72.38 million, a price-to-earnings ratio of -1,717.59 and a beta of 0.80. The stock’s 50 day moving average price is $30.97 and its 200 day moving average price is $29.52.

FIS Biblically Responsible Risk Managed ETF Company Profile

The FIS Biblically Responsible Risk Managed ETF (PRAY) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that employs a risk-managed approach to invest in stocks from around the world that are perceived as biblically responsible investments. PRAY was launched on Feb 8, 2022 and is managed by Faith Investor Services.