Short Interest in Inspire Global Hope ETF (NYSEARCA:BLES) Rises By 149.0%

Inspire Global Hope ETF (NYSEARCA:BLES) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 12,244 shares, a growth of 149.0% from the January 15th total of 4,917 shares. Based on an average trading volume of 8,663 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 8,663 shares, the days-to-cover ratio is currently 1.4 days.

Inspire Global Hope ETF Price Performance

Inspire Global Hope ETF stock traded down $0.67 during midday trading on Thursday, reaching $46.53. 6,568 shares of the company traded hands, compared to its average volume of 11,294. Inspire Global Hope ETF has a 12 month low of $33.30 and a 12 month high of $47.31. The business has a 50 day moving average of $44.40 and a two-hundred day moving average of $42.99. The firm has a market capitalization of $144.25 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 declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were issued a dividend of $0.2194 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, December 17th. This is a positive change from Inspire Global Hope ETF’s previous quarterly dividend of $0.16.

Institutional Trading of Inspire Global Hope ETF

Large investors have recently modified their holdings of the company. Nations Financial Group Inc. IA ADV purchased a new stake in Inspire Global Hope ETF during the third quarter valued at $1,318,000. Flow Traders U.S. LLC bought a new stake in shares of Inspire Global Hope ETF during the 3rd quarter valued at about $823,000. Creative Financial Designs Inc. ADV increased its position in shares of Inspire Global Hope ETF by 31.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 33,664 shares of the company’s stock valued at $1,455,000 after purchasing an additional 8,101 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Inspire Global Hope ETF by 15.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,810 shares of the company’s stock worth $841,000 after purchasing an additional 2,673 shares during the period. Finally, Sound Income Strategies LLC purchased a new position in shares of Inspire Global Hope ETF in the fourth quarter worth approximately $50,000.

About Inspire Global Hope ETF

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.