Inspire 500 ETF (NYSEARCA:PTL – Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 3,194 shares, a drop of 37.3% from the September 15th total of 5,094 shares. Based on an average daily volume of 29,565 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.
Inspire 500 ETF Price Performance
Shares of Inspire 500 ETF stock opened at $272.37 on Friday. The firm has a market cap of $877.03 million, a price-to-earnings ratio of 25.14 and a beta of 0.99. Inspire 500 ETF has a 52-week low of $237.41 and a 52-week high of $293.22. The stock has a 50-day simple moving average of $279.72 and a 200-day simple moving average of $278.13.
Inspire 500 ETF Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 25th were given a dividend of $0.0832 per share. The ex-dividend date of this dividend was Friday, September 25th. This is a drop from Inspire 500 ETF’s previous quarterly dividend of $0.8158. This represents a $0.33 annualized dividend and a yield of 0.1%.
Institutional Trading of Inspire 500 ETF
Several large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its holdings in shares of Inspire 500 ETF by 233.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 23,454 shares of the company’s stock valued at $5,877,000 after purchasing an additional 16,417 shares in the last quarter. Vicus Capital bought a new stake in Inspire 500 ETF in the first quarter worth $1,367,000. Nations Financial Group Inc. IA ADV boosted its holdings in Inspire 500 ETF by 26.7% in the first quarter. Nations Financial Group Inc. IA ADV now owns 22,738 shares of the company’s stock worth $5,697,000 after purchasing an additional 4,792 shares in the last quarter. RMG Wealth Management LLC acquired a new position in Inspire 500 ETF during the first quarter worth $823,000. Finally, Fiduciary Alliance LLC raised its holdings in Inspire 500 ETF by 60.8% during the first quarter. Fiduciary Alliance LLC now owns 7,261 shares of the company’s stock valued at $1,949,000 after buying an additional 2,746 shares in the last quarter.
Inspire 500 ETF Company Profile
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.
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