Inspire Corporate Bond ETF (NYSEARCA:IBD – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 62,830 shares, a growth of 95.7% from the September 30th total of 32,109 shares. Based on an average daily volume of 130,228 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC acquired a new stake in Inspire Corporate Bond ETF during the 3rd quarter valued at $100,000. Hanson & Doremus Investment Management bought a new position in Inspire Corporate Bond ETF during the third quarter worth $591,000. Farther Finance Advisors LLC increased its holdings in shares of Inspire Corporate Bond ETF by 2.4% in the third quarter. Farther Finance Advisors LLC now owns 107,607 shares of the company’s stock valued at $2,475,000 after purchasing an additional 2,474 shares during the last quarter. Sterling Investment Advisors Ltd. acquired a new position in shares of Inspire Corporate Bond ETF in the second quarter valued at $238,000. Finally, Continuum Advisory LLC acquired a new position in Inspire Corporate Bond ETF in the 2nd quarter valued at about $56,000.
Inspire Corporate Bond ETF Stock Performance
NYSEARCA:IBD opened at $23.23 on Tuesday. The stock’s 50 day moving average price is $23.27 and its two-hundred day moving average price is $23.73. Inspire Corporate Bond ETF has a 12-month low of $22.50 and a 12-month high of $24.78.
Inspire Corporate Bond ETF Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Wednesday, October 28th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, October 28th. This represents a $1.20 annualized dividend and a dividend yield of 5.2%. This is an increase from Inspire Corporate Bond ETF’s previous monthly dividend of $0.0820.
About Inspire Corporate Bond ETF
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.
See Also
- Five stocks we like better than Inspire Corporate Bond ETF
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AIāThese 5 Stocks Are Getting Paid
Receive News & Ratings for Inspire Corporate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inspire Corporate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
