Short Interest in Inspire Corporate Bond ETF (NYSEARCA:IBD) Rises By 118.0%

Inspire Corporate Bond ETF (NYSEARCA:IBD) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 112,811 shares, an increase of 118.0% from the May 31st total of 51,755 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 52,864 shares, the short-interest ratio is presently 2.1 days.

Inspire Corporate Bond ETF Stock Performance

NYSEARCA IBD opened at $23.77 on Thursday. Inspire Corporate Bond ETF has a twelve month low of $23.51 and a twelve month high of $24.85. The stock has a fifty day simple moving average of $23.82 and a 200 day simple moving average of $23.99.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IBD. AdvisorNet Financial Inc boosted its stake in shares of Inspire Corporate Bond ETF by 6,054.1% in the 1st 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 last quarter. Root Financial Partners LLC bought a new position in Inspire Corporate Bond ETF during the first quarter worth $118,000. Advisory Services Network LLC raised its stake in Inspire Corporate Bond ETF by 14.3% during the fourth quarter. Advisory Services Network LLC now owns 8,634 shares of the company’s stock worth $209,000 after buying an additional 1,077 shares during the last quarter. PVG Asset Management Corp lifted its holdings in Inspire Corporate Bond ETF by 20.7% in the fourth quarter. PVG Asset Management Corp now owns 11,071 shares of the company’s stock valued at $268,000 after buying an additional 1,900 shares during the period. Finally, RMG Wealth Management LLC acquired a new position in Inspire Corporate Bond ETF in the first quarter valued at $432,000.

Inspire Corporate Bond ETF Company Profile

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.