Inspire International ETF (NYSEARCA:WWJD) Sees Significant Drop in Short Interest

Inspire International ETF (NYSEARCA:WWJD) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 10,540 shares, a decrease of 68.3% from the July 30th total of 33,215 shares. Based on an average daily volume of 60,562 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WWJD. Root Financial Partners LLC acquired a new stake in shares of Inspire International ETF during the first quarter worth $32,000. AdvisorNet Financial Inc boosted its position in shares of Inspire International ETF by 777.9% in the first quarter. AdvisorNet Financial Inc now owns 1,949 shares of the company’s stock valued at $73,000 after acquiring an additional 1,727 shares during the period. Betterment LLC grew its stake in shares of Inspire International ETF by 4.4% in the fourth quarter. Betterment LLC now owns 6,175 shares of the company’s stock valued at $225,000 after acquiring an additional 261 shares in the last quarter. Strategic Blueprint LLC grew its stake in shares of Inspire International ETF by 11.5% in the fourth quarter. Strategic Blueprint LLC now owns 11,031 shares of the company’s stock valued at $402,000 after acquiring an additional 1,138 shares in the last quarter. Finally, Advisory Services Network LLC increased its position in Inspire International ETF by 54.5% during the fourth quarter. Advisory Services Network LLC now owns 24,403 shares of the company’s stock worth $890,000 after acquiring an additional 8,611 shares during the period.

Inspire International ETF Stock Performance

Shares of NYSEARCA WWJD traded down $0.05 during trading hours on Friday, reaching $41.09. 68,093 shares of the stock were exchanged, compared to its average volume of 63,888. The firm has a market capitalization of $579.37 million, a price-to-earnings ratio of 16.38 and a beta of 0.76. Inspire International ETF has a 52 week low of $34.27 and a 52 week high of $44.01. The stock’s fifty day simple moving average is $39.49 and its 200 day simple moving average is $39.03.

Inspire International ETF Company Profile

The Inspire International ESG ETF (WWJD) is an exchange-traded fund that is based on the Inspire Global Hope Ex-US index. The fund offers exposure to equity in large firms outside the US, screened for biblical values per the index provider and weighted equally. WWJD was launched on Sep 30, 2019 and is managed by Inspire.