Inspire 500 ETF (NYSEARCA:PTL) Short Interest Up 252.6% in January

Inspire 500 ETF (NYSEARCA:PTL) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 11,471 shares, a growth of 252.6% from the December 31st total of 3,253 shares. Based on an average trading volume of 27,197 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 27,197 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Inspire 500 ETF

A number of large investors have recently modified their holdings of the company. GPS Wealth Strategies Group LLC lifted its position in Inspire 500 ETF by 896.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 249 shares of the company’s stock valued at $57,000 after purchasing an additional 224 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Inspire 500 ETF by 1,907.1% in the third quarter. EverSource Wealth Advisors LLC now owns 281 shares of the company’s stock valued at $70,000 after purchasing an additional 267 shares during the period. Strategic Blueprint LLC bought a new stake in shares of Inspire 500 ETF during the third quarter valued at approximately $205,000. Fiduciary Alliance LLC acquired a new position in shares of Inspire 500 ETF during the third quarter worth approximately $355,000. Finally, Mosaic Family Wealth Partners LLC grew its holdings in Inspire 500 ETF by 6.1% in the 2nd quarter. Mosaic Family Wealth Partners LLC now owns 2,388 shares of the company’s stock worth $548,000 after buying an additional 138 shares in the last quarter.

Inspire 500 ETF Stock Down 0.1%

Shares of NYSEARCA:PTL traded down $0.38 during trading on Wednesday, hitting $259.01. 13,517 shares of the company traded hands, compared to its average volume of 20,107. The business’s fifty day moving average is $252.69 and its 200-day moving average is $247.32. The stock has a market capitalization of $660.48 million, a price-to-earnings ratio of 25.14 and a beta of 1.05. Inspire 500 ETF has a one year low of $177.91 and a one year high of $260.93.

Inspire 500 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were paid a $0.7576 dividend. This represents a $3.03 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, December 17th.

About Inspire 500 ETF

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.