Inspire Global Hope ETF (NYSEARCA:BLES) Short Interest Update

Inspire Global Hope ETF (NYSEARCA:BLES) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 64,396 shares, an increase of 226.8% from the June 15th total of 19,707 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average trading volume of 8,033 shares, the short-interest ratio is currently 8.0 days.

Inspire Global Hope ETF Stock Performance

Shares of NYSEARCA BLES opened at $48.05 on Wednesday. The stock has a market cap of $158.56 million, a price-to-earnings ratio of 18.40 and a beta of 0.88. Inspire Global Hope ETF has a fifty-two week low of $40.20 and a fifty-two week high of $48.97. The firm’s 50-day simple moving average is $47.74 and its 200 day simple moving average is $46.26.

Institutional Investors Weigh In On Inspire Global Hope ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nations Financial Group Inc. IA ADV boosted its holdings in Inspire Global Hope ETF by 57.3% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 48,816 shares of the company’s stock worth $2,109,000 after acquiring an additional 17,776 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Inspire Global Hope ETF by 8.7% in the first quarter. EverSource Wealth Advisors LLC now owns 7,547 shares of the company’s stock valued at $335,000 after purchasing an additional 601 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Inspire Global Hope ETF in the fourth quarter valued at about $220,000. Flow Traders U.S. LLC bought a new position in shares of Inspire Global Hope ETF during the third quarter valued at about $823,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Inspire Global Hope ETF by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 19,810 shares of the company’s stock valued at $841,000 after purchasing an additional 2,673 shares in the last quarter.

About Inspire Global Hope ETF

The Inspire Global Hope ESG ETF (BLES) is an exchange-traded fund that mostly invests in large cap equity. The fund follows an equal-weighted index of 400 large-cap stocks selected for their alignment with the Issuer’s biblical values. BLES was launched on Feb 28, 2017 and is managed by Inspire.