Inspire Corporate Bond ETF (NYSEARCA:IBD) Sees Large Increase in Short Interest

Inspire Corporate Bond ETF (NYSEARCA:IBD) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 27,442 shares, a growth of 50.2% from the December 15th total of 18,268 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 58,995 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 58,995 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Inspire Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hanson & Doremus Investment Management purchased a new stake in shares of Inspire Corporate Bond ETF in the third quarter worth about $156,000. RMG Wealth Management LLC acquired a new position in Inspire Corporate Bond ETF in the second quarter valued at approximately $372,000. Trust Point Inc. boosted its position in Inspire Corporate Bond ETF by 2.4% in the 4th quarter. Trust Point Inc. now owns 40,269 shares of the company’s stock worth $975,000 after purchasing an additional 959 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in Inspire Corporate Bond ETF by 499.2% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 54,968 shares of the company’s stock worth $1,328,000 after purchasing an additional 45,794 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of Inspire Corporate Bond ETF by 29,004.0% during the 2nd quarter. IFP Advisors Inc now owns 58,790 shares of the company’s stock worth $1,412,000 after purchasing an additional 58,588 shares during the period.

Inspire Corporate Bond ETF Stock Performance

IBD stock traded up $0.02 during midday trading on Friday, reaching $24.14. The stock had a trading volume of 623,182 shares, compared to its average volume of 138,462. The firm has a fifty day simple moving average of $24.16 and a two-hundred day simple moving average of $24.13. Inspire Corporate Bond ETF has a 52-week low of $22.84 and a 52-week high of $24.85.

Inspire Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were given a dividend of $0.121 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a c) dividend on an annualized basis and a yield of 6.0%. This is a boost from Inspire Corporate Bond ETF’s previous monthly dividend of $0.07.

Inspire Corporate Bond ETF Company Profile

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.