Inspire 500 ETF (NYSEARCA:PTL) Short Interest Down 59.4% in December

Inspire 500 ETF (NYSEARCA:PTL) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 3,253 shares, a drop of 59.4% from the December 15th total of 8,020 shares. Based on an average daily volume of 10,063 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 10,063 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Inspire 500 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mosaic Family Wealth Partners LLC raised its stake in shares of Inspire 500 ETF by 6.1% in the second quarter. Mosaic Family Wealth Partners LLC now owns 2,388 shares of the company’s stock worth $548,000 after acquiring an additional 138 shares during the last quarter. GPS Wealth Strategies Group LLC increased its holdings in shares of Inspire 500 ETF by 896.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 249 shares of the company’s stock valued at $57,000 after purchasing an additional 224 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Inspire 500 ETF by 1,907.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 281 shares of the company’s stock worth $70,000 after purchasing an additional 267 shares during the last quarter. Sterling Investment Advisors Ltd. lifted its holdings in Inspire 500 ETF by 25.5% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,075 shares of the company’s stock worth $705,000 after buying an additional 625 shares in the last quarter. Finally, Strategic Blueprint LLC bought a new position in Inspire 500 ETF in the 3rd quarter valued at $205,000.

Inspire 500 ETF Stock Down 0.4%

PTL traded down $1.06 during trading on Wednesday, hitting $257.58. The company’s stock had a trading volume of 15,006 shares, compared to its average volume of 28,867. The stock has a market capitalization of $643.95 million, a price-to-earnings ratio of 25.14 and a beta of 1.05. The firm’s 50 day moving average price is $250.56 and its two-hundred day moving average price is $245.52. Inspire 500 ETF has a 12 month low of $177.91 and a 12 month high of $259.78.

Inspire 500 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 17th were given a dividend of $0.7576 per share. The ex-dividend date was Wednesday, December 17th. This represents a $3.03 annualized dividend and a yield of 1.2%.

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.