Inspire Corporate Bond ETF (NYSEARCA:IBD) Sees Significant Decline in Short Interest
by Kim Johansen · The Markets DailyInspire Corporate Bond ETF (NYSEARCA:IBD – Get Free Report) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 22,888 shares, a drop of 16.6% from the December 31st total of 27,442 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 90,043 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 90,043 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.
Inspire Corporate Bond ETF Stock Performance
Shares of Inspire Corporate Bond ETF stock traded down $0.04 during midday trading on Monday, hitting $24.11. The company had a trading volume of 41,442 shares, compared to its average volume of 110,564. The company has a fifty day simple moving average of $24.16 and a 200 day simple moving average of $24.14. Inspire Corporate Bond ETF has a 12-month low of $22.84 and a 12-month high of $24.85.
Inspire Corporate Bond ETF Cuts Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 27th will be given a dividend of $0.0592 per share. The ex-dividend date is Tuesday, January 27th. This represents a c) dividend on an annualized basis and a yield of 2.9%.
Institutional Investors Weigh In On Inspire Corporate Bond ETF
A number of institutional investors have recently modified their holdings of the business. Hanson & Doremus Investment Management purchased a new position in Inspire Corporate Bond ETF during the third quarter worth approximately $156,000. PVG Asset Management Corp raised its position in shares of Inspire Corporate Bond ETF by 20.7% in the fourth quarter. PVG Asset Management Corp now owns 11,071 shares of the company’s stock valued at $268,000 after buying an additional 1,900 shares during the last quarter. RMG Wealth Management LLC purchased a new position in Inspire Corporate Bond ETF in the 2nd quarter worth approximately $372,000. Trust Point Inc. grew its holdings in Inspire Corporate Bond ETF by 2.4% in the 4th quarter. Trust Point Inc. now owns 40,269 shares of the company’s stock valued at $975,000 after buying an additional 959 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its position in Inspire Corporate Bond ETF by 499.2% during the third quarter. Nations Financial Group Inc. IA ADV now owns 54,968 shares of the company’s stock worth $1,328,000 after purchasing an additional 45,794 shares during the last quarter.
Inspire Corporate Bond ETF Company Profile
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.