Short Interest in Inspire Corporate Bond ETF (NYSEARCA:IBD) Grows By 50.2%

by · The Cerbat Gem

Inspire Corporate Bond ETF (NYSEARCA:IBD – Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 27,442 shares, an increase of 50.2% from the December 15th total of 18,268 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 58,995 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 58,995 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Creative Financial Designs Inc. ADV raised its position in Inspire Corporate Bond ETF by 33.6% during the second quarter. Creative Financial Designs Inc. ADV now owns 899,262 shares of the company’s stock valued at $21,591,000 after buying an additional 225,994 shares during the period. IFP Advisors Inc increased its holdings in shares of Inspire Corporate Bond ETF by 29,004.0% in the 2nd quarter. IFP Advisors Inc now owns 58,790 shares of the company’s stock valued at $1,412,000 after purchasing an additional 58,588 shares during the period. Nations Financial Group Inc. IA ADV grew its holdings in shares of Inspire Corporate Bond ETF by 499.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 54,968 shares of the company’s stock valued at $1,328,000 after acquiring an additional 45,794 shares in the last quarter. Bare Financial Services Inc lifted its holdings in shares of Inspire Corporate Bond ETF by 5.8% during the 3rd quarter. Bare Financial Services Inc now owns 673,970 shares of the company’s stock valued at $16,276,000 after buying an additional 36,774 shares during the last quarter. Finally, United Capital Financial Advisors LLC increased its stake in shares of Inspire Corporate Bond ETF by 21.3% during the 3rd quarter. United Capital Financial Advisors LLC now owns 147,391 shares of the company’s stock worth $3,559,000 after purchasing an additional 25,850 shares during the last quarter.

Inspire Corporate Bond ETF Price Performance

NYSEARCA:IBD traded up $0.02 during mid-day trading on Friday, reaching $24.14. 623,182 shares of the stock were exchanged, compared to its average volume of 138,462. Inspire Corporate Bond ETF has a 1-year low of $22.84 and a 1-year high of $24.85. The business has a fifty day moving average price of $24.16 and a 200 day moving average price of $24.13.

Inspire Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 17th were issued a $0.121 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Wednesday, December 17th. This is a positive change from Inspire Corporate Bond ETF’s previous monthly dividend of $0.07.

Inspire Corporate Bond ETF Company Profile

(Get Free Report)

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.

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