Inspire 500 ETF (NYSEARCA:PTL – Get Free Report) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 26,646 shares, a growth of 363.3% from the June 15th total of 5,751 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 59,181 shares, the short-interest ratio is presently 0.5 days.
Inspire 500 ETF Trading Up 0.0%
Shares of NYSEARCA:PTL traded up $0.14 during midday trading on Friday, reaching $283.83. The company had a trading volume of 13,348 shares, compared to its average volume of 29,480. The company’s 50 day moving average price is $281.81 and its 200 day moving average price is $266.68. The stock has a market cap of $885.55 million, a P/E ratio of 25.14 and a beta of 0.97. Inspire 500 ETF has a 52-week low of $230.00 and a 52-week high of $293.22.
Institutional Trading of Inspire 500 ETF
Several hedge funds have recently added to or reduced their stakes in the stock. United Capital Financial Advisors LLC boosted its stake in Inspire 500 ETF by 22.5% in the third quarter. United Capital Financial Advisors LLC now owns 27,106 shares of the company’s stock valued at $6,756,000 after acquiring an additional 4,972 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Inspire 500 ETF by 233.3% in the 1st 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 period. Nations Financial Group Inc. IA ADV raised its holdings in shares of Inspire 500 ETF by 26.7% in the 1st 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 during the period. Creative Financial Designs Inc. ADV raised its holdings in shares of Inspire 500 ETF by 68.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 15,741 shares of the company’s stock worth $3,907,000 after purchasing an additional 6,411 shares during the period. Finally, Fiduciary Alliance LLC lifted its stake in Inspire 500 ETF by 60.8% in the first quarter. Fiduciary Alliance LLC now owns 7,261 shares of the company’s stock valued at $1,949,000 after purchasing an additional 2,746 shares during the last quarter.
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.
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