Inspire 500 ETF (NYSEARCA:PTL) Short Interest Up 269.9% in December

Inspire 500 ETF (NYSEARCA:PTL) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 8,020 shares, an increase of 269.9% from the November 30th total of 2,168 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 17,483 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 17,483 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. United Capital Financial Advisors LLC boosted its position in shares of Inspire 500 ETF by 22.5% during the 3rd quarter. United Capital Financial Advisors LLC now owns 27,106 shares of the company’s stock worth $6,756,000 after purchasing an additional 4,972 shares in the last quarter. Mosaic Family Wealth Partners LLC increased its position in shares of Inspire 500 ETF by 6.2% during the third quarter. Mosaic Family Wealth Partners LLC now owns 2,536 shares of the company’s stock worth $630,000 after acquiring an additional 148 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Inspire 500 ETF by 22.8% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 9,330 shares of the company’s stock worth $2,325,000 after acquiring an additional 1,733 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Inspire 500 ETF by 1,907.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 281 shares of the company’s stock valued at $70,000 after acquiring an additional 267 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new position in Inspire 500 ETF in the 3rd quarter valued at about $701,000.

Inspire 500 ETF Price Performance

NYSEARCA:PTL traded up $0.59 during mid-day trading on Thursday, reaching $252.06. The stock had a trading volume of 4,477 shares, compared to its average volume of 11,691. The stock has a 50-day simple moving average of $249.92 and a two-hundred day simple moving average of $242.61. The stock has a market capitalization of $529.33 million, a PE ratio of 25.14 and a beta of 1.05. Inspire 500 ETF has a 12 month low of $177.91 and a 12 month high of $259.78.

Inspire 500 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 17th were paid a $0.7576 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $3.03 annualized dividend and a dividend yield of 1.2%.

About Inspire 500 ETF

The Inspire 500 ETF (PTL) is an exchange-traded fund that is based on the Inspire 500 index, a market-cap-weighted index of 500 large-cap US stocks, selected based on the issuers proprietary criteria of biblical values.