Inspire 500 ETF (NYSEARCA:PTL) Short Interest Update

Inspire 500 ETF (NYSEARCA:PTL) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 8,023 shares, a decline of 43.6% from the May 14th total of 14,218 shares. Based on an average daily trading volume, of 29,187 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Inspire 500 ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Mosaic Family Wealth Partners LLC boosted its stake in Inspire 500 ETF by 2.6% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 2,602 shares of the company’s stock valued at $646,000 after purchasing an additional 66 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Inspire 500 ETF by 1,907.1% during the 3rd 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. AdvisorNet Financial Inc boosted its stake in Inspire 500 ETF by 1,173.1% during the 1st quarter. AdvisorNet Financial Inc now owns 331 shares of the company’s stock valued at $83,000 after purchasing an additional 305 shares during the last quarter. Root Financial Partners LLC acquired a new position in Inspire 500 ETF during the 1st quarter valued at about $93,000. Finally, Strategic Blueprint LLC boosted its stake in Inspire 500 ETF by 47.6% during the 4th quarter. Strategic Blueprint LLC now owns 1,216 shares of the company’s stock valued at $302,000 after purchasing an additional 392 shares during the last quarter.

Inspire 500 ETF Trading Down 1.0%

Inspire 500 ETF stock traded down $2.88 during midday trading on Tuesday, reaching $283.86. The stock had a trading volume of 58,583 shares, compared to its average volume of 26,352. Inspire 500 ETF has a 12 month low of $222.60 and a 12 month high of $293.22. The company has a market capitalization of $817.52 million, a P/E ratio of 25.14 and a beta of 0.98. The company has a fifty day moving average price of $276.56 and a two-hundred day moving average price of $262.87.

About Inspire 500 ETF

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.