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

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 10,575 shares, a decrease of 37.3% from the January 15th total of 16,868 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 48,450 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 48,450 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Inspire Small/Mid Cap ETF

Hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC bought a new stake in Inspire Small/Mid Cap ETF during the fourth quarter valued at $35,000. Strategic Blueprint LLC acquired a new position in shares of Inspire Small/Mid Cap ETF in the 4th quarter valued at about $218,000. Mosaic Family Wealth Partners LLC boosted its position in shares of 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 in the last quarter. Q3 Asset Management acquired a new stake in Inspire Small/Mid Cap ETF during the fourth quarter worth approximately $335,000. Finally, Trust Point Inc. grew its stake in Inspire Small/Mid Cap ETF by 3.2% during the third 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.

Inspire Small/Mid Cap ETF Price Performance

Shares of Inspire Small/Mid Cap ETF stock traded up $0.44 during midday trading on Friday, reaching $42.51. The company had a trading volume of 14,963 shares, compared to its average volume of 48,142. The stock has a fifty day moving average price of $40.63 and a 200 day moving average price of $39.01. Inspire Small/Mid Cap ETF has a fifty-two week low of $29.16 and a fifty-two week high of $43.15. The firm has a market cap of $259.31 million, a PE ratio of 16.03 and a beta of 1.08.

Inspire Small/Mid Cap ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were paid a $0.1005 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, December 17th.

Inspire Small/Mid Cap ETF Company Profile

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.