Inspire Global Hope ETF (NYSEARCA:BLES) Sees Large Increase in Short Interest

Inspire Global Hope ETF (NYSEARCA:BLES) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 26,397 shares, an increase of 83.4% from the September 15th total of 14,391 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,327 shares, the short-interest ratio is currently 1.7 days.

Institutional Investors Weigh In On Inspire Global Hope ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV lifted its position in Inspire Global Hope ETF by 23.2% in the first quarter. Nations Financial Group Inc. IA ADV now owns 60,122 shares of the company’s stock worth $2,667,000 after purchasing an additional 11,306 shares during the period. Root Financial Partners LLC bought a new position in Inspire Global Hope ETF during the 1st quarter valued at $32,000. Farther Finance Advisors LLC bought a new position in Inspire Global Hope ETF during the 3rd quarter valued at $34,000. Continuum Advisory LLC acquired a new position in shares of Inspire Global Hope ETF during the 2nd quarter valued at $31,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Inspire Global Hope ETF by 8.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,547 shares of the company’s stock valued at $335,000 after purchasing an additional 601 shares during the period.

Inspire Global Hope ETF Trading Down 1.4%

BLES stock opened at $47.22 on Thursday. The firm’s 50-day moving average is $48.96 and its two-hundred day moving average is $47.94. The company has a market capitalization of $162.91 million, a price-to-earnings ratio of 18.40 and a beta of 0.89. Inspire Global Hope ETF has a 52 week low of $41.22 and a 52 week high of $50.46.

Inspire Global Hope ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 25th were paid a dividend of $0.1801 per share. This is a drop from Inspire Global Hope ETF’s previous quarterly dividend of $0.4041. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, September 25th.

About Inspire Global Hope ETF

The Inspire Global Hope ESG ETF (BLES) is an exchange-traded fund that mostly invests in large cap equity. The fund follows an equal-weighted index of 400 large-cap stocks selected for their alignment with the Issuer’s biblical values. BLES was launched on Feb 28, 2017 and is managed by Inspire.