Inspire 500 ETF (NYSEARCA:PTL) Stock Short Interest Report for September

Inspire 500 ETF (NYSEARCA:PTL) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 3,194 shares, a drop of 37.3% from the September 15th total of 5,094 shares. Based on an average trading volume of 29,565 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Inspire 500 ETF Stock Up 0.3%

Shares of PTL stock opened at $272.37 on Friday. Inspire 500 ETF has a 12 month low of $237.41 and a 12 month high of $293.22. The company has a market cap of $877.03 million, a PE ratio of 25.14 and a beta of 0.99. The business’s 50 day moving average is $279.72 and its two-hundred day moving average is $278.13.

Inspire 500 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 25th were issued a dividend of $0.0832 per share. This represents a $0.33 dividend on an annualized basis 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 was Friday, September 25th.

Hedge Funds Weigh In On Inspire 500 ETF

Several large investors have recently made changes to their positions in PTL. EverSource Wealth Advisors LLC boosted its stake in Inspire 500 ETF by 233.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 23,454 shares of the company’s stock valued at $5,877,000 after purchasing an additional 16,417 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in shares of Inspire 500 ETF by 26.7% in the first quarter. Nations Financial Group Inc. IA ADV now owns 22,738 shares of the company’s stock valued at $5,697,000 after acquiring an additional 4,792 shares during the period. Fiduciary Alliance LLC grew its stake in shares of Inspire 500 ETF by 60.8% in the first quarter. Fiduciary Alliance LLC now owns 7,261 shares of the company’s stock worth $1,949,000 after acquiring an additional 2,746 shares during the last quarter. Vicus Capital bought a new position in Inspire 500 ETF during the first quarter worth $1,367,000. Finally, Farther Finance Advisors LLC boosted its holdings in 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 period.

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.