Inspire 500 ETF (NYSEARCA:PTL) Short Interest Down 73.9% in January

Inspire 500 ETF (NYSEARCA:PTL) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 2,990 shares, a drop of 73.9% from the January 15th total of 11,471 shares. Based on an average daily volume of 12,360 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 12,360 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Inspire 500 ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mosaic Family Wealth Partners LLC increased its stake in shares of Inspire 500 ETF by 6.1% in the 2nd quarter. Mosaic Family Wealth Partners LLC now owns 2,388 shares of the company’s stock valued at $548,000 after acquiring an additional 138 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its stake in Inspire 500 ETF by 896.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 249 shares of the company’s stock valued at $57,000 after acquiring an additional 224 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Inspire 500 ETF by 1,907.1% during the third quarter. EverSource Wealth Advisors LLC now owns 281 shares of the company’s stock worth $70,000 after purchasing an additional 267 shares during the last quarter. Strategic Blueprint LLC grew its holdings in shares of Inspire 500 ETF by 47.6% in the 4th quarter. Strategic Blueprint LLC now owns 1,216 shares of the company’s stock valued at $302,000 after acquiring an additional 392 shares in the last quarter. Finally, Fiduciary Alliance LLC acquired a new position in shares of Inspire 500 ETF during the 3rd quarter worth approximately $355,000.

Inspire 500 ETF Trading Up 0.4%

PTL traded up $0.96 during midday trading on Wednesday, reaching $264.39. The company’s stock had a trading volume of 8,926 shares, compared to its average volume of 19,203. Inspire 500 ETF has a twelve month low of $177.91 and a twelve month high of $265.26. The company has a fifty day simple moving average of $254.66 and a 200 day simple moving average of $248.91. The stock has a market cap of $674.18 million, a P/E ratio of 25.14 and a beta of 1.05.

Inspire 500 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were issued a $0.7576 dividend. This represents a $3.03 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, December 17th.

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.