Short Interest in Inspire 500 ETF (NYSEARCA:PTL) Expands By 98.6%

Inspire 500 ETF (NYSEARCA:PTL) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 10,399 shares, a growth of 98.6% from the July 30th total of 5,237 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 14,972 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Inspire 500 ETF

Several institutional investors have recently modified their holdings of the company. AdvisorNet Financial Inc raised its stake in shares of Inspire 500 ETF by 1,173.1% in the first quarter. AdvisorNet Financial Inc now owns 331 shares of the company’s stock valued at $83,000 after purchasing an additional 305 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Inspire 500 ETF during the 1st quarter worth about $93,000. Strategic Blueprint LLC boosted its position in shares of Inspire 500 ETF by 47.6% during 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. Mosaic Family Wealth Partners LLC increased its stake in Inspire 500 ETF by 2.6% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 2,602 shares of the company’s stock valued at $646,000 after acquiring an additional 66 shares during the period. Finally, RMG Wealth Management LLC acquired a new position in Inspire 500 ETF in the first quarter worth about $823,000.

Inspire 500 ETF Stock Performance

Shares of PTL opened at $282.56 on Friday. The company has a 50-day simple moving average of $283.22 and a 200-day simple moving average of $273.62. Inspire 500 ETF has a 52 week low of $237.41 and a 52 week high of $293.22. The firm has a market capitalization of $881.59 million, a P/E ratio of 25.14 and a beta of 0.98.

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.