Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Short Interest Down 37.3% in January

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 10,575 shares, a decline of 37.3% from the January 15th total of 16,868 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 48,450 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 48,450 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Trading of Inspire Small/Mid Cap ETF

Several hedge funds have recently added to or reduced their stakes in ISMD. Sound Income Strategies LLC purchased a new stake in Inspire Small/Mid Cap ETF in the fourth quarter worth about $35,000. Strategic Blueprint LLC purchased a new stake in shares of Inspire Small/Mid Cap ETF in the fourth quarter worth $218,000. Mosaic Family Wealth Partners LLC raised its position in shares of Inspire Small/Mid Cap ETF by 7.4% during the 2nd quarter. Mosaic Family Wealth Partners LLC now owns 6,902 shares of the company’s stock valued at $245,000 after purchasing an additional 473 shares during the period. Q3 Asset Management bought a new position in Inspire Small/Mid Cap ETF in the 4th quarter worth $335,000. Finally, Trust Point Inc. increased its stake in Inspire Small/Mid Cap ETF by 3.2% in the 3rd quarter. Trust Point Inc. now owns 16,476 shares of the company’s stock worth $640,000 after buying an additional 504 shares in the last quarter.

Inspire Small/Mid Cap ETF Stock Up 1.6%

NYSEARCA ISMD traded up $0.68 on Friday, hitting $42.75. The company’s stock had a trading volume of 12,233 shares, compared to its average volume of 48,050. The firm has a market cap of $260.78 million, a PE ratio of 16.03 and a beta of 1.08. The company’s 50-day moving average is $40.56 and its 200 day moving average is $38.93. Inspire Small/Mid Cap ETF has a 1-year low of $29.16 and a 1-year high of $43.15.

Inspire Small/Mid Cap ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were paid a dividend of $0.1005 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, December 17th.

Inspire Small/Mid Cap ETF Company Profile

The Inspire Small\u002FMid Cap Impact ESG ETF (ISMD) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of 500 small- and mid-cap US stocks that are screened for alignment with biblical values defined by the Issuer. ISMD was launched on Feb 28, 2017 and is managed by Inspire.