Inspire 500 ETF (NYSEARCA:PTL) Stock Short Interest Climbs 96.4%

Inspire 500 ETF (NYSEARCA:PTL) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 880 shares, an increase of 96.4% from the October 15th total of 448 shares. Based on an average daily volume of 19,200 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Inspire 500 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harbour Investments Inc. purchased a new position in Inspire 500 ETF in the third quarter valued at $90,000. Root Financial Partners LLC acquired a new stake in shares of Inspire 500 ETF during the 3rd quarter worth about $95,000. Peoples Financial Services CORP. purchased a new position in shares of Inspire 500 ETF in the 3rd quarter valued at $53,000. IFP Advisors Inc boosted its stake in Inspire 500 ETF by 11.8% in the third quarter. IFP Advisors Inc now owns 4,022 shares of the company’s stock valued at $1,095,000 after acquiring an additional 426 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Inspire 500 ETF by 5.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,714 shares of the company’s stock valued at $1,011,000 after purchasing an additional 208 shares during the last quarter.

Inspire 500 ETF Price Performance

Inspire 500 ETF stock traded down $2.83 during midday trading on Friday, reaching $270.18. The company had a trading volume of 7,531 shares, compared to its average volume of 24,333. The company has a market capitalization of $869.98 million, a P/E ratio of 24.15 and a beta of 0.99. Inspire 500 ETF has a 12-month low of $237.41 and a 12-month high of $293.22. The firm’s fifty day simple moving average is $273.03 and its 200-day simple moving average is $272.95.

Inspire 500 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 25th were paid a dividend of $0.0832 per share. This represents a $0.33 annualized dividend and a yield of 0.1%. This is a negative change from Inspire 500 ETF’s previous quarterly dividend of $0.8158. The ex-dividend date of this dividend was Friday, September 25th.

Inspire 500 ETF Company Profile

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.