Short Interest in Inspire 500 ETF (NYSEARCA:PTL) Drops By 87.0%
by Teresa Graham · The Cerbat GemInspire 500 ETF (NYSEARCA:PTL – Get Free Report) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,813 shares, a drop of 87.0% from the March 15th total of 13,984 shares. Based on an average daily trading volume, of 20,336 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.
Institutional Investors Weigh In On Inspire 500 ETF
Several institutional investors and hedge funds have recently bought and sold shares of PTL. Nations Financial Group Inc. IA ADV lifted its holdings in Inspire 500 ETF by 669.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 14,436 shares of the company’s stock worth $3,598,000 after buying an additional 12,559 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Inspire 500 ETF by 2,404.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 7,037 shares of the company’s stock worth $1,747,000 after buying an additional 6,756 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in Inspire 500 ETF by 68.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 15,741 shares of the company’s stock worth $3,907,000 after buying an additional 6,411 shares during the period. United Capital Financial Advisors LLC raised its position in shares of Inspire 500 ETF by 22.5% in the 3rd quarter. United Capital Financial Advisors LLC now owns 27,106 shares of the company’s stock worth $6,756,000 after acquiring an additional 4,972 shares in the last quarter. Finally, Fiduciary Alliance LLC raised its position in shares of Inspire 500 ETF by 217.1% in the 4th quarter. Fiduciary Alliance LLC now owns 4,515 shares of the company’s stock worth $1,121,000 after acquiring an additional 3,091 shares in the last quarter.
Inspire 500 ETF Trading Up 0.3%
NYSEARCA PTL traded up $0.78 on Friday, hitting $262.63. The company’s stock had a trading volume of 16,665 shares, compared to its average volume of 18,432. Inspire 500 ETF has a 52-week low of $189.23 and a 52-week high of $269.00. The company’s 50-day simple moving average is $257.12 and its 200 day simple moving average is $253.36. The firm has a market cap of $709.10 million, a P/E ratio of 25.14 and a beta of 0.99.
About Inspire 500 ETF
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.