Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Short Interest Update

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 2,382 shares, an increase of 85.8% from the December 15th total of 1,282 shares. Based on an average trading volume of 29,337 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 29,337 shares, the short-interest ratio is presently 0.1 days.

Inspire Small/Mid Cap ETF Stock Up 1.4%

NYSEARCA ISMD traded up $0.59 during trading hours on Thursday, hitting $41.85. 47,658 shares of the company were exchanged, compared to its average volume of 51,643. The stock has a 50-day moving average price of $38.76 and a 200 day moving average price of $38.18. Inspire Small/Mid Cap ETF has a 52 week low of $29.16 and a 52 week high of $42.00. The stock has a market cap of $251.12 million, a PE ratio of 16.03 and a beta of 1.08.

Inspire Small/Mid Cap ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were given a dividend of $0.1005 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.40 annualized dividend and a dividend yield of 1.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sterling Investment Advisors Ltd. increased its position in Inspire Small/Mid Cap ETF by 43.0% during the second quarter. Sterling Investment Advisors Ltd. now owns 14,300 shares of the company’s stock valued at $508,000 after acquiring an additional 4,300 shares during the last quarter. RMG Wealth Management LLC purchased a new position in shares of Inspire Small/Mid Cap ETF during the 2nd quarter worth about $484,000. Creative Financial Designs Inc. ADV grew its holdings in Inspire Small/Mid Cap ETF by 467.2% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 152,350 shares of the company’s stock valued at $5,413,000 after purchasing an additional 125,491 shares during the last quarter. Mosaic Family Wealth Partners LLC grew its holdings in Inspire Small/Mid Cap ETF by 7.4% during the 2nd quarter. Mosaic Family Wealth Partners LLC now owns 6,902 shares of the company’s stock valued at $245,000 after purchasing an additional 473 shares during the last quarter. Finally, Trust Point Inc. raised its position in Inspire Small/Mid Cap ETF by 3.2% in the 3rd quarter. Trust Point Inc. now owns 16,476 shares of the company’s stock worth $640,000 after purchasing an additional 504 shares during the period.

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.