Company Description
FIS Christian Stock Fund (NYSE: PRAY) is an exchange-traded fund whose shareholders approved a reorganization of the fund into FIS Trust. According to a shareholder communication, this reorganization was approved at a special meeting of shareholders and is expected to close on December 31, 2025. The fund is associated with Faith Investor Services LLC, which serves as the investment adviser to FIS Christian Stock Fund.
The fund’s shares are described as being subject to investment risk, including possible loss of principal invested. The disclosure notes that no fund is a complete investment program and that an investment in the funds mentioned may not be appropriate for all investors. Investors are encouraged in the source material to carefully consider investment objectives, risks, charges, and expenses before investing and to review the fund’s prospectus for detailed information.
Faith Investor Services LLC, based in Dallas, Texas, is identified in the same communication as the investment adviser to FIS Christian Stock Fund. The press release also states that fund shares are distributed by Foreside Fund Services, LLC. These relationships frame the operational context for PRAY as part of a broader family of funds and service providers.
The reorganization of FIS Christian Stock Fund into FIS Trust reflects a structural change for shareholders of PRAY. The proxy statement/prospectus referenced in the communication is described as containing important information about the proposed reorganization, including details on the terms and implications for shareholders. The communication emphasizes that it is not itself an offer to purchase or sell shares, nor a solicitation of proxies, and that any such solicitation or offering would be made only by a final, effective registration statement that includes the definitive proxy statement/prospectus declared effective by the U.S. Securities and Exchange Commission.
Because shareholders have approved the reorganization of PRAY into FIS Trust and the closing is expected on a specified historical date, the PRAY ticker represents a fund that is undergoing a transition as described in the proxy-related materials. Historical and structural information about the fund, its adviser, and the reorganization is provided through regulatory documents and shareholder communications referenced in the press release.
Stock Performance
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SEC Filings
No SEC filings available for FIS Christian Stock ETF.
Financial Highlights
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Short Interest History
Short interest in FIS Christian Stock ETF (PRAY) currently stands at 2.9 thousand shares, down 62.1% from the previous reporting period, representing 0.1% of the float. Over the past 12 months, short interest has decreased by 81.1%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for FIS Christian Stock ETF (PRAY) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The ratio has shown significant volatility over the period, ranging from 1.0 to 2.0 days.