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

Inspire Corporate Bond ETF (NYSEARCA:IBD) was the target of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 20,949 shares, a decline of 66.7% from the October 15th total of 62,830 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 169,011 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Inspire Corporate Bond ETF

Hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. acquired a new stake in Inspire Corporate Bond ETF in the 3rd quarter valued at $666,000. Hanson & Doremus Investment Management acquired a new position in Inspire Corporate Bond ETF during the third quarter worth $591,000. RMG Wealth Management LLC acquired a new position in Inspire Corporate Bond ETF during the first quarter worth $432,000. Sterling Investment Advisors Ltd. acquired a new position in Inspire Corporate Bond ETF during the second quarter worth $238,000. Finally, Root Financial Partners LLC bought a new position in shares of Inspire Corporate Bond ETF during the third quarter valued at $100,000.

Inspire Corporate Bond ETF Stock Performance

NYSEARCA:IBD traded up $0.05 during mid-day trading on Friday, hitting $23.11. The company’s stock had a trading volume of 19,467 shares, compared to its average volume of 99,461. Inspire Corporate Bond ETF has a fifty-two week low of $22.50 and a fifty-two week high of $24.78. The stock has a fifty day moving average of $23.22 and a 200-day moving average of $23.70.

Inspire Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Wednesday, October 28th were paid a $0.10 dividend. The ex-dividend date was Wednesday, October 28th. This represents a $1.20 annualized dividend and a dividend yield of 5.2%. This is an increase from Inspire Corporate Bond ETF’s previous monthly dividend of $0.0820.

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.