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

Inspire Corporate Bond ETF (NYSEARCA:IBD) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 41,086 shares, a growth of 129.8% from the July 30th total of 17,877 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 75,550 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Inspire Corporate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of IBD. Cornerstone Financial Management LLC bought a new position in shares of Inspire Corporate Bond ETF in the fourth quarter valued at approximately $1,404,000. Creative Financial Designs Inc. ADV lifted its stake in Inspire Corporate Bond ETF by 5.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 987,188 shares of the company’s stock worth $23,890,000 after purchasing an additional 49,299 shares in the last quarter. Bare Financial Services Inc lifted its stake in Inspire Corporate Bond ETF by 6.0% in the 4th quarter. Bare Financial Services Inc now owns 714,733 shares of the company’s stock worth $17,297,000 after purchasing an additional 40,763 shares in the last quarter. United Capital Financial Advisors LLC boosted its holdings in Inspire Corporate Bond ETF by 21.3% in the 3rd quarter. United Capital Financial Advisors LLC now owns 147,391 shares of the company’s stock valued at $3,559,000 after purchasing an additional 25,850 shares during the period. Finally, RMG Wealth Management LLC purchased a new position in shares of Inspire Corporate Bond ETF during the 1st quarter valued at $432,000.

Inspire Corporate Bond ETF Stock Down 0.3%

NYSEARCA IBD traded down $0.07 during trading hours on Friday, hitting $23.55. The company had a trading volume of 85,611 shares, compared to its average volume of 97,887. Inspire Corporate Bond ETF has a 52 week low of $22.94 and a 52 week high of $24.78. The firm has a 50 day simple moving average of $23.68 and a 200 day simple moving average of $23.85.

About Inspire Corporate Bond ETF

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.