Inspire Corporate Bond ETF (NYSEARCA:IBD) Short Interest Update

Inspire Corporate Bond ETF (NYSEARCA:IBD) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 17,719 shares, a growth of 97.9% from the February 12th total of 8,953 shares. Based on an average daily volume of 50,117 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 50,117 shares, the days-to-cover ratio is presently 0.4 days.

Inspire Corporate Bond ETF Price Performance

NYSEARCA IBD traded down $0.09 during trading hours on Friday, reaching $23.85. 33,988 shares of the company’s stock were exchanged, compared to its average volume of 85,698. The company’s 50-day moving average is $24.16 and its two-hundred day moving average is $24.18. Inspire Corporate Bond ETF has a one year low of $23.18 and a one year high of $24.85.

Inspire Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 24th were issued a $0.0779 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from Inspire Corporate Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date was Tuesday, February 24th.

Institutional Investors Weigh In On Inspire Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Trust Point Inc. lifted its stake in Inspire Corporate Bond ETF by 2.4% in the 4th quarter. Trust Point Inc. now owns 40,269 shares of the company’s stock valued at $975,000 after purchasing an additional 959 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of Inspire Corporate Bond ETF by 14.3% during the 4th quarter. Advisory Services Network LLC now owns 8,634 shares of the company’s stock worth $209,000 after buying an additional 1,077 shares during the period. Vicus Capital grew its stake in Inspire Corporate Bond ETF by 2.4% in the 3rd quarter. Vicus Capital now owns 79,858 shares of the company’s stock valued at $1,929,000 after buying an additional 1,851 shares during the last quarter. PVG Asset Management Corp raised its holdings in Inspire Corporate Bond ETF by 20.7% in the 4th quarter. PVG Asset Management Corp now owns 11,071 shares of the company’s stock valued at $268,000 after acquiring an additional 1,900 shares during the period. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Inspire Corporate Bond ETF in the third quarter valued at approximately $156,000.

Inspire Corporate Bond ETF Company Profile

The Inspire Corporate Bond Impact ESG ETF (IBD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an equally weighted index of bonds issued by S&P 500-component companies that meet biblically responsible investing standards according to the Issuer. IBD was launched on Jul 10, 2017 and is managed by Inspire.