Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Sees Significant Increase in Short Interest

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 110,846 shares, a growth of 124.1% from the September 30th total of 49,468 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 36,514 shares, the short-interest ratio is presently 3.0 days.

Institutional Investors Weigh In On Inspire Small/Mid Cap ETF

Several hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Inspire Small/Mid Cap ETF by 6.8% during the first quarter. EverSource Wealth Advisors LLC now owns 35,546 shares of the company’s stock valued at $1,421,000 after buying an additional 2,254 shares during the period. Farther Finance Advisors LLC boosted its position in Inspire Small/Mid Cap ETF by 9.1% during the third quarter. Farther Finance Advisors LLC now owns 14,392 shares of the company’s stock worth $667,000 after acquiring an additional 1,201 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in Inspire Small/Mid Cap ETF in the 1st quarter worth approximately $565,000. Root Financial Partners LLC purchased a new stake in Inspire Small/Mid Cap ETF in the 1st quarter worth approximately $66,000. Finally, Continuum Advisory LLC acquired a new position in Inspire Small/Mid Cap ETF in the second quarter valued at $75,000.

Inspire Small/Mid Cap ETF Trading Down 1.3%

Shares of NYSEARCA:ISMD traded down $0.64 on Friday, hitting $46.88. The company had a trading volume of 35,594 shares, compared to its average volume of 35,754. Inspire Small/Mid Cap ETF has a 52-week low of $35.81 and a 52-week high of $51.58. The business has a 50 day moving average of $47.37 and a 200 day moving average of $45.57. The company has a market cap of $328.16 million, a PE ratio of 16.03 and a beta of 1.04.

Inspire Small/Mid Cap ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 25th were issued a $0.2293 dividend. This is a positive change from Inspire Small/Mid Cap ETF’s previous quarterly dividend of $0.2232. The ex-dividend date was Friday, September 25th. This represents a $0.92 dividend on an annualized basis and a yield of 2.0%.

About Inspire Small/Mid Cap ETF

The Inspire Small\u002FMid Cap Impact ESG ETF (ISMD) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of 500 small- and mid-cap US stocks that are screened for alignment with biblical values defined by the Issuer. ISMD was launched on Feb 28, 2017 and is managed by Inspire.