Inspire Corporate Bond ETF (NYSEARCA:IBD) Sees Large Decrease in Short Interest

Inspire Corporate Bond ETF (NYSEARCA:IBD) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 40,609 shares, a decrease of 74.2% from the August 31st total of 157,142 shares. Based on an average daily trading volume, of 78,045 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Inspire Corporate Bond ETF

Large investors have recently bought and sold shares of the business. AdvisorNet Financial Inc grew its holdings in Inspire Corporate Bond ETF by 6,054.1% in the first quarter. AdvisorNet Financial Inc now owns 2,277 shares of the company’s stock valued at $54,000 after purchasing an additional 2,240 shares during the period. Continuum Advisory LLC acquired a new position in shares of Inspire Corporate Bond ETF during the 2nd quarter worth approximately $56,000. Root Financial Partners LLC acquired a new position in shares of Inspire Corporate Bond ETF during the 1st quarter worth approximately $118,000. Sterling Investment Advisors Ltd. purchased a new position in shares of Inspire Corporate Bond ETF during the 2nd quarter valued at approximately $238,000. Finally, RMG Wealth Management LLC purchased a new position in shares of Inspire Corporate Bond ETF during the 1st quarter valued at approximately $432,000.

Inspire Corporate Bond ETF Stock Down 0.3%

IBD stock traded down $0.06 during midday trading on Monday, hitting $23.00. 46,758 shares of the stock traded hands, compared to its average volume of 95,432. The stock’s fifty day simple moving average is $23.53 and its 200-day simple moving average is $23.73. Inspire Corporate Bond ETF has a 1-year low of $22.94 and a 1-year high of $24.78.

Inspire Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 25th will be given a dividend of $0.0820 per share. This is a drop from Inspire Corporate Bond ETF’s previous monthly dividend of $0.0904. The ex-dividend date is Friday, September 25th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 4.3%.

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.