Short Interest in Inspire Global Hope ETF (NYSEARCA:BLES) Expands By 119.9%

Inspire Global Hope ETF (NYSEARCA:BLES) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 18,754 shares, a growth of 119.9% from the November 30th total of 8,530 shares. Based on an average trading volume of 7,534 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.6% of the company’s shares are short sold. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 7,534 shares, the days-to-cover ratio is currently 2.5 days.

Institutional Trading of Inspire Global Hope ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BLES. Nations Financial Group Inc. IA ADV acquired a new position in Inspire Global Hope ETF in the third quarter valued at approximately $1,318,000. JPMorgan Chase & Co. increased its stake in Inspire Global Hope ETF by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 19,810 shares of the company’s stock worth $841,000 after acquiring an additional 2,673 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in Inspire Global Hope ETF in the third quarter valued at $823,000. Finally, Vicus Capital lifted its stake in shares of Inspire Global Hope ETF by 8.3% in the 2nd quarter. Vicus Capital now owns 14,051 shares of the company’s stock valued at $571,000 after purchasing an additional 1,078 shares during the last quarter.

Inspire Global Hope ETF Trading Up 0.3%

Shares of BLES stock opened at $43.68 on Friday. Inspire Global Hope ETF has a twelve month low of $33.30 and a twelve month high of $43.81. The company’s 50-day moving average price is $42.87 and its 200-day moving average price is $42.03. The stock has a market cap of $128.86 million, a price-to-earnings ratio of 18.40 and a beta of 0.98.

Inspire Global Hope ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were issued a $0.2194 dividend. This represents a $0.88 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, December 17th. This is a positive change from Inspire Global Hope ETF’s previous quarterly dividend of $0.16.

Inspire Global Hope ETF Company Profile

The Inspire Global Hope ESG ETF (BLES) is an exchange-traded fund that mostly invests in large cap equity. The fund follows an equal-weighted index of 400 large-cap stocks selected for their alignment with the Issuer’s biblical values. BLES was launched on Feb 28, 2017 and is managed by Inspire.