Short Interest in Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) Expands By 331.9%

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 20,300 shares, a growth of 331.9% from the August 31st total of 4,700 shares. Based on an average daily trading volume, of 12,800 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily trading volume, of 12,800 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On Inspire Fidelis Multi Factor ETF

A number of hedge funds have recently bought and sold shares of FDLS. Creative Financial Designs Inc. ADV raised its stake in Inspire Fidelis Multi Factor ETF by 66.1% during the first quarter. Creative Financial Designs Inc. ADV now owns 7,398 shares of the company’s stock valued at $208,000 after purchasing an additional 2,945 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Inspire Fidelis Multi Factor ETF by 1.1% during the first quarter. Envestnet Asset Management Inc. now owns 34,303 shares of the company’s stock valued at $966,000 after purchasing an additional 369 shares in the last quarter. AE Wealth Management LLC raised its stake in shares of Inspire Fidelis Multi Factor ETF by 51.2% in the first quarter. AE Wealth Management LLC now owns 22,067 shares of the company’s stock valued at $621,000 after acquiring an additional 7,476 shares during the period. Inspire Advisors LLC raised its stake in shares of Inspire Fidelis Multi Factor ETF by 9.2% in the first quarter. Inspire Advisors LLC now owns 742,552 shares of the company’s stock valued at $20,905,000 after acquiring an additional 62,643 shares during the period. Finally, Frontier Asset Management LLC raised its stake in shares of Inspire Fidelis Multi Factor ETF by 16.9% in the first quarter. Frontier Asset Management LLC now owns 56,358 shares of the company’s stock valued at $1,587,000 after acquiring an additional 8,145 shares during the period.

Inspire Fidelis Multi Factor ETF Stock Down 0.3%

Inspire Fidelis Multi Factor ETF stock opened at $34.67 on Friday. The company has a market cap of $105.74 million, a price-to-earnings ratio of 16.55 and a beta of 1.24. The firm’s fifty day moving average is $33.74 and its 200 day moving average is $30.98. Inspire Fidelis Multi Factor ETF has a 52-week low of $24.36 and a 52-week high of $35.43.

Inspire Fidelis Multi Factor ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 26th were paid a dividend of $0.0621 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.25 dividend on an annualized basis and a yield of 0.7%.

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.