Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Stock Short Interest Climbs 124.1%

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 110,846 shares, an increase of 124.1% from the September 30th total of 49,468 shares. Based on an average daily volume of 36,514 shares, the days-to-cover ratio is presently 3.0 days. Currently, 1.6% of the shares of the company are sold short.

Institutional Investors Weigh In On Inspire Small/Mid Cap ETF

A number of large investors have recently modified their holdings of the business. RMG Wealth Management LLC purchased a new position in Inspire Small/Mid Cap ETF during the first quarter worth approximately $565,000. Root Financial Partners LLC purchased a new position in Inspire Small/Mid Cap ETF during the first quarter worth about $66,000. Farther Finance Advisors LLC grew its position in shares of Inspire Small/Mid Cap ETF by 9.1% in the third quarter. Farther Finance Advisors LLC now owns 14,392 shares of the company’s stock valued at $667,000 after purchasing an additional 1,201 shares during the last quarter. Continuum Advisory LLC acquired a new stake in Inspire Small/Mid Cap ETF in the 2nd quarter worth about $75,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Inspire Small/Mid Cap ETF by 6.8% in the first quarter. EverSource Wealth Advisors LLC now owns 35,546 shares of the company’s stock worth $1,421,000 after acquiring an additional 2,254 shares in the last quarter.

Inspire Small/Mid Cap ETF Price Performance

NYSEARCA ISMD traded down $0.64 during trading on Friday, reaching $46.88. 35,594 shares of the company’s stock were exchanged, compared to its average volume of 35,754. The stock has a market capitalization of $328.16 million, a P/E ratio of 16.03 and a beta of 1.04. Inspire Small/Mid Cap ETF has a fifty-two week low of $35.81 and a fifty-two week high of $51.58. The business has a 50 day moving average price of $47.42 and a 200-day moving average price of $45.54.

Inspire Small/Mid Cap ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 25th were paid a $0.2293 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, September 25th. This is a positive change from Inspire Small/Mid Cap ETF’s previous quarterly dividend of $0.2232.

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.