Inspire 500 ETF (NYSEARCA:PTL) Short Interest Update
by Kim Johansen · The Markets DailyInspire 500 ETF (NYSEARCA:PTL – Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 1,813 shares, a decline of 87.0% from the March 15th total of 13,984 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 20,336 shares, the short-interest ratio is currently 0.1 days.
Inspire 500 ETF Stock Up 0.3%
Shares of NYSEARCA:PTL traded up $0.78 during trading on Friday, reaching $262.63. The stock had a trading volume of 16,665 shares, compared to its average volume of 18,432. The business has a fifty day moving average price of $256.97 and a 200-day moving average price of $253.26. The stock has a market cap of $709.10 million, a P/E ratio of 25.14 and a beta of 0.99. Inspire 500 ETF has a fifty-two week low of $189.23 and a fifty-two week high of $269.00.
Hedge Funds Weigh In On Inspire 500 ETF
A number of institutional investors have recently modified their holdings of the company. Mosaic Family Wealth Partners LLC raised its position in shares of Inspire 500 ETF by 2.6% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 2,602 shares of the company’s stock valued at $646,000 after buying an additional 66 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Inspire 500 ETF by 2,404.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,037 shares of the company’s stock valued at $1,747,000 after buying an additional 6,756 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of Inspire 500 ETF by 68.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 15,741 shares of the company’s stock valued at $3,907,000 after buying an additional 6,411 shares during the last quarter. Strategic Blueprint LLC raised its position in shares of Inspire 500 ETF by 47.6% in the fourth quarter. Strategic Blueprint LLC now owns 1,216 shares of the company’s stock valued at $302,000 after buying an additional 392 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its position in shares of Inspire 500 ETF by 24.3% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 17,946 shares of the company’s stock valued at $4,454,000 after buying an additional 3,510 shares during the last quarter.
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.