Short Interest in Inspire Corporate Bond ETF (NYSEARCA:IBD) Grows By 129.8%

Inspire Corporate Bond ETF (NYSEARCA:IBDGet Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 41,086 shares, a growth of 129.8% from the July 30th total of 17,877 shares. Based on an average trading volume of 75,550 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of Inspire Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its holdings in Inspire Corporate Bond ETF by 6,054.1% during the 1st quarter. AdvisorNet Financial Inc now owns 2,277 shares of the company’s stock valued at $54,000 after buying an additional 2,240 shares during the period. Continuum Advisory LLC purchased a new stake in shares of Inspire Corporate Bond ETF in the 2nd quarter worth $56,000. Root Financial Partners LLC bought a new position in Inspire Corporate Bond ETF during the 1st quarter worth about $118,000. Advisory Services Network LLC increased its holdings in Inspire Corporate Bond ETF by 14.3% during the fourth quarter. Advisory Services Network LLC now owns 8,634 shares of the company’s stock valued at $209,000 after buying an additional 1,077 shares during the period. Finally, RMG Wealth Management LLC purchased a new position in shares of Inspire Corporate Bond ETF in the 1st quarter valued at $432,000.

Inspire Corporate Bond ETF Price Performance

Shares of NYSEARCA IBD traded down $0.07 during midday trading on Friday, hitting $23.55. 85,611 shares of the company’s stock traded hands, compared to its average volume of 97,887. Inspire Corporate Bond ETF has a 1 year low of $22.94 and a 1 year high of $24.78. The firm has a fifty day moving average of $23.69 and a 200 day moving average of $23.85.

Inspire Corporate Bond ETF Company Profile

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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.

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