Inspire Corporate Bond ETF (NYSEARCA:IBD) Short Interest Update

Inspire Corporate Bond ETF (NYSEARCA:IBD) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 60,838 shares, an increase of 243.3% from the February 26th total of 17,719 shares. Based on an average trading volume of 87,943 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 87,943 shares, the days-to-cover ratio is presently 0.7 days.

Inspire Corporate Bond ETF Stock Up 0.2%

NYSEARCA IBD traded up $0.05 on Wednesday, reaching $23.88. The stock had a trading volume of 10,842 shares, compared to its average volume of 100,445. The stock has a fifty day moving average price of $24.12 and a two-hundred day moving average price of $24.17. Inspire Corporate Bond ETF has a 12-month low of $23.18 and a 12-month high of $24.85.

Inspire Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 24th were paid a dividend of $0.0779 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, February 24th. This is a positive change from Inspire Corporate Bond ETF’s previous monthly dividend of $0.06.

Hedge Funds Weigh In On Inspire Corporate Bond ETF

Several institutional investors have recently bought and sold shares of the company. Cornerstone Financial Management LLC acquired a new stake in shares of Inspire Corporate Bond ETF in the fourth quarter valued at $1,404,000. Creative Financial Designs Inc. ADV increased its holdings in Inspire Corporate Bond ETF by 5.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 987,188 shares of the company’s stock worth $23,890,000 after purchasing an additional 49,299 shares during the period. Nations Financial Group Inc. IA ADV raised its position in Inspire Corporate Bond ETF by 499.2% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 54,968 shares of the company’s stock valued at $1,328,000 after purchasing an additional 45,794 shares in the last quarter. Bare Financial Services Inc grew its position in shares of Inspire Corporate Bond ETF by 6.0% during the fourth quarter. Bare Financial Services Inc now owns 714,733 shares of the company’s stock worth $17,297,000 after buying an additional 40,763 shares in the last quarter. Finally, United Capital Financial Advisors LLC increased its stake in shares of 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 buying an additional 25,850 shares during the period.

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.