Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Short Interest Update

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 110,717 shares, a growth of 98.3% from the June 15th total of 55,835 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 21,836 shares, the days-to-cover ratio is presently 5.1 days.

Inspire Small/Mid Cap ETF Price Performance

ISMD opened at $49.54 on Friday. Inspire Small/Mid Cap ETF has a fifty-two week low of $34.67 and a fifty-two week high of $50.48. The company’s 50-day moving average is $47.67 and its 200 day moving average is $43.75. The firm has a market capitalization of $331.92 million, a P/E ratio of 16.03 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV grew its holdings in Inspire Small/Mid Cap ETF by 12.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 181,514 shares of the company’s stock valued at $7,003,000 after purchasing an additional 19,802 shares during the period. Cornerstone Financial Management LLC bought a new stake in Inspire Small/Mid Cap ETF during the 4th quarter worth approximately $952,000. Mosaic Family Wealth Partners LLC raised its position in shares of Inspire Small/Mid Cap ETF by 3.9% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 7,694 shares of the company’s stock worth $297,000 after buying an additional 290 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Inspire Small/Mid Cap ETF by 14.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 33,292 shares of the company’s stock valued at $1,284,000 after acquiring an additional 4,243 shares in the last quarter. Finally, RMG Wealth Management LLC purchased a new stake in Inspire Small/Mid Cap ETF in the first quarter valued at approximately $565,000.

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.