Inspire Corporate Bond ETF (NYSEARCA:IBD) Sees Significant Growth in Short Interest

Inspire Corporate Bond ETF (NYSEARCA:IBD – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 157,142 shares, an increase of 282.5% from the August 15th total of 41,086 shares. Based on an average daily trading volume, of 89,332 shares, the short-interest ratio is currently 1.8 days. Approximately 0.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional 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% in the 1st quarter. AdvisorNet Financial Inc now owns 2,277 shares of the company’s stock valued at $54,000 after acquiring an additional 2,240 shares during the last quarter. Continuum Advisory LLC purchased a new position in shares of Inspire Corporate Bond ETF in the 2nd quarter worth $56,000. Root Financial Partners LLC purchased a new position in shares of Inspire Corporate Bond ETF in the 1st quarter worth about $118,000. Advisory Services Network LLC raised its holdings in Inspire Corporate Bond ETF by 14.3% in 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, Sterling Investment Advisors Ltd. acquired a new stake in shares of Inspire Corporate Bond ETF in the second quarter worth $238,000.

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Inspire Corporate Bond ETF Trading Up 0.1%

IBD stock traded up $0.02 on Friday, reaching $23.35. 47,441 shares of the company’s stock were exchanged, compared to its average volume of 97,289. Inspire Corporate Bond ETF has a twelve month low of $22.94 and a twelve month high of $24.78. The stock has a fifty day moving average of $23.62 and a 200-day moving average of $23.79.

Inspire Corporate Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 26th were given a dividend of $0.0904 per share. The ex-dividend date was Wednesday, August 26th. This represents a c) dividend on an annualized basis and a yield of 4.6%.

About Inspire Corporate Bond ETF

(Get Free Report)

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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