Inspire 500 ETF (NYSEARCA:PTL – Get Free Report) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 448 shares, a decrease of 86.0% from the September 30th total of 3,194 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 20,107 shares, the short-interest ratio is currently 0.0 days.
Inspire 500 ETF Stock Up 0.7%
NYSEARCA:PTL traded up $1.91 during trading hours on Tuesday, hitting $272.12. 5,197 shares of the stock traded hands, compared to its average volume of 24,954. Inspire 500 ETF has a 1 year low of $237.41 and a 1 year high of $293.22. The company has a market cap of $884.40 million, a price-to-earnings ratio of 25.14 and a beta of 0.99. The stock has a 50 day moving average price of $277.48 and a 200 day moving average price of $272.05.
Inspire 500 ETF Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 25th were paid a $0.0832 dividend. This represents a $0.33 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, September 25th. This is a decrease from Inspire 500 ETF’s previous quarterly dividend of $0.8158.
Institutional Trading of Inspire 500 ETF
A number of large investors have recently added to or reduced their stakes in PTL. EverSource Wealth Advisors LLC increased its position in Inspire 500 ETF by 233.3% in the first quarter. EverSource Wealth Advisors LLC now owns 23,454 shares of the company’s stock worth $5,877,000 after purchasing an additional 16,417 shares during the last quarter. Vicus Capital bought a new stake in shares of Inspire 500 ETF in the 1st quarter worth about $1,367,000. IFP Advisors Inc increased its holdings in shares of Inspire 500 ETF by 11.8% in the 3rd quarter. IFP Advisors Inc now owns 4,022 shares of the company’s stock worth $1,095,000 after buying an additional 426 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Inspire 500 ETF by 5.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,714 shares of the company’s stock valued at $1,011,000 after buying an additional 208 shares in the last quarter. Finally, RMG Wealth Management LLC purchased a new stake in shares of Inspire 500 ETF during the 1st quarter valued at about $823,000.
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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