Inspire 500 ETF (NYSEARCA:PTL) Short Interest Update

Inspire 500 ETF (NYSEARCA:PTL) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 6,800 shares, an increase of 127.4% from the January 29th total of 2,990 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 17,789 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 17,789 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Inspire 500 ETF

A number of large investors have recently modified their holdings of the business. GPS Wealth Strategies Group LLC grew its holdings in shares of Inspire 500 ETF by 896.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 249 shares of the company’s stock valued at $57,000 after acquiring an additional 224 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Inspire 500 ETF by 1,907.1% during the third quarter. EverSource Wealth Advisors LLC now owns 281 shares of the company’s stock valued at $70,000 after purchasing an additional 267 shares during the last quarter. Strategic Blueprint LLC bought a new position in Inspire 500 ETF in the third quarter valued at approximately $205,000. Fiduciary Alliance LLC acquired a new position in shares of Inspire 500 ETF during the 3rd quarter worth approximately $355,000. Finally, Mosaic Family Wealth Partners LLC increased its position in shares of Inspire 500 ETF by 6.1% during the 2nd quarter. Mosaic Family Wealth Partners LLC now owns 2,388 shares of the company’s stock worth $548,000 after purchasing an additional 138 shares during the last quarter.

Inspire 500 ETF Price Performance

NYSEARCA:PTL traded down $0.40 during trading hours on Friday, reaching $263.40. 13,072 shares of the stock were exchanged, compared to its average volume of 18,143. The stock has a market cap of $671.67 million, a PE ratio of 25.14 and a beta of 1.05. Inspire 500 ETF has a twelve month low of $177.91 and a twelve month high of $269.00. The firm has a 50 day moving average of $257.14 and a 200 day moving average of $251.02.

Inspire 500 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 17th were given a $0.7576 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $3.03 dividend on an annualized basis and a yield of 1.2%.

Inspire 500 ETF Company Profile

The Inspire 500 ETF (PTL) is an exchange-traded fund that is based on the Inspire 500 index, a market-cap-weighted index of 500 large-cap US stocks, selected based on the issuers proprietary criteria of biblical values.