Inspire Corporate Bond ETF (NYSEARCA:IBD) Short Interest Up 282.5% in August

Inspire Corporate Bond ETF (NYSEARCA:IBD) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 157,142 shares, a growth of 282.5% from the August 15th total of 41,086 shares. Based on an average daily volume of 89,332 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.8% of the shares of the company are sold short.

Inspire Corporate Bond ETF Stock Performance

NYSEARCA IBD opened at $23.35 on Monday. The company has a 50 day moving average of $23.62 and a 200-day moving average of $23.79. Inspire Corporate Bond ETF has a 1-year low of $22.94 and a 1-year high of $24.78.

Inspire Corporate Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 26th were issued a $0.0904 dividend. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a c) annualized dividend and a yield of 4.6%.

Institutional Trading of Inspire Corporate Bond ETF

A number of institutional investors have recently modified their holdings of the stock. AdvisorNet Financial Inc increased its position in shares of Inspire Corporate Bond ETF by 6,054.1% in the first quarter. AdvisorNet Financial Inc now owns 2,277 shares of the company’s stock worth $54,000 after purchasing an additional 2,240 shares during the period. Continuum Advisory LLC acquired a new stake in Inspire Corporate Bond ETF during the second quarter worth about $56,000. Root Financial Partners LLC acquired a new stake in Inspire Corporate Bond ETF during the first quarter worth about $118,000. Advisory Services Network LLC increased its holdings in Inspire Corporate Bond ETF by 14.3% in the 4th quarter. Advisory Services Network LLC now owns 8,634 shares of the company’s stock valued at $209,000 after buying an additional 1,077 shares during the period. Finally, Sterling Investment Advisors Ltd. bought a new position in Inspire Corporate Bond ETF in the 2nd quarter valued at about $238,000.

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.