Inspire 500 ETF (NYSEARCA:PTL) Short Interest Update

Inspire 500 ETF (NYSEARCA:PTL) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 5,238 shares, a drop of 80.3% from the June 30th total of 26,646 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 33,878 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. United Capital Financial Advisors LLC lifted 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. Fiduciary Alliance LLC increased its stake in shares of Inspire 500 ETF by 217.1% during the 4th quarter. Fiduciary Alliance LLC now owns 4,515 shares of the company’s stock worth $1,121,000 after purchasing an additional 3,091 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of Inspire 500 ETF by 24.3% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 17,946 shares of the company’s stock valued at $4,454,000 after purchasing an additional 3,510 shares during the period. Strategic Blueprint LLC raised its holdings in shares of Inspire 500 ETF by 47.6% in the 4th quarter. Strategic Blueprint LLC now owns 1,216 shares of the company’s stock valued at $302,000 after purchasing an additional 392 shares during the period. Finally, 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 valued at $3,907,000 after purchasing an additional 6,411 shares during the period.

Inspire 500 ETF Stock Up 0.0%

Shares of PTL stock traded up $0.02 during trading on Monday, reaching $279.45. The company’s stock had a trading volume of 12,534 shares, compared to its average volume of 28,229. The business has a fifty day moving average price of $282.17 and a 200-day moving average price of $269.02. The company has a market cap of $871.88 million, a price-to-earnings ratio of 25.14 and a beta of 0.97. Inspire 500 ETF has a one year low of $232.60 and a one year high of $293.22.

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.