Inspire Corporate Bond ETF (NYSEARCA:IBD) Short Interest Down 16.6% in January

Inspire Corporate Bond ETF (NYSEARCA:IBD) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 22,888 shares, a decline of 16.6% from the December 31st total of 27,442 shares. Based on an average trading volume of 90,043 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 90,043 shares, the short-interest ratio is presently 0.3 days.

Inspire Corporate Bond ETF Trading Up 0.2%

Shares of NYSEARCA:IBD traded up $0.04 during mid-day trading on Wednesday, reaching $24.08. 60,685 shares of the company traded hands, compared to its average volume of 109,321. Inspire Corporate Bond ETF has a 52 week low of $22.84 and a 52 week high of $24.85. The company’s 50 day moving average price is $24.15 and its 200-day moving average price is $24.15.

Inspire Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Tuesday, January 27th were given a dividend of $0.0592 per share. The ex-dividend date was Tuesday, January 27th. This represents a c) annualized dividend and a dividend yield of 3.0%.

Institutional Investors Weigh In On Inspire Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in the company. PVG Asset Management Corp increased its position in Inspire Corporate Bond ETF by 20.7% in the fourth quarter. PVG Asset Management Corp now owns 11,071 shares of the company’s stock worth $268,000 after purchasing an additional 1,900 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of Inspire Corporate Bond ETF by 19.1% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 65,475 shares of the company’s stock valued at $1,585,000 after buying an additional 10,507 shares in the last quarter. Vicus Capital lifted its holdings in shares of Inspire Corporate Bond ETF by 4.4% in the 4th quarter. Vicus Capital now owns 83,349 shares of the company’s stock valued at $2,017,000 after acquiring an additional 3,491 shares during the last quarter. Trust Point Inc. grew its position in Inspire Corporate Bond ETF by 2.4% in the fourth quarter. Trust Point Inc. now owns 40,269 shares of the company’s stock worth $975,000 after acquiring an additional 959 shares in the last quarter. Finally, United Capital Financial Advisors LLC increased its stake in Inspire Corporate Bond ETF by 21.3% during the third quarter. United Capital Financial Advisors LLC now owns 147,391 shares of the company’s stock worth $3,559,000 after acquiring an additional 25,850 shares during the last quarter.

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.