Inspire 500 ETF (NYSEARCA:PTL) Sees Significant Decrease in Short Interest

Inspire 500 ETF (NYSEARCA:PTL) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 2,990 shares, a decrease of 73.9% from the January 15th total of 11,471 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 12,360 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 12,360 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Inspire 500 ETF Trading Up 0.4%

NYSEARCA:PTL traded up $0.96 on Wednesday, hitting $264.39. 8,926 shares of the stock were exchanged, compared to its average volume of 19,203. Inspire 500 ETF has a fifty-two week low of $177.91 and a fifty-two week high of $265.26. The stock has a fifty day moving average of $254.66 and a 200-day moving average of $248.91. The stock has a market cap of $674.18 million, a PE ratio of 25.14 and a beta of 1.05.

Inspire 500 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were issued a dividend of $0.7576 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $3.03 annualized dividend and a dividend yield of 1.1%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in shares of Inspire 500 ETF by 851.8% during the 2nd quarter. IFP Advisors Inc now owns 3,493 shares of the company’s stock worth $801,000 after purchasing an additional 3,126 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in Inspire 500 ETF by 43.7% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 7,597 shares of the company’s stock worth $1,742,000 after buying an additional 2,309 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in Inspire 500 ETF by 896.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 249 shares of the company’s stock valued at $57,000 after buying an additional 224 shares during the period. Mosaic Family Wealth Partners LLC boosted its stake in Inspire 500 ETF by 6.1% during the 2nd quarter. Mosaic Family Wealth Partners LLC now owns 2,388 shares of the company’s stock worth $548,000 after acquiring an additional 138 shares during the last quarter. Finally, Fiduciary Alliance LLC bought a new position in shares of Inspire 500 ETF during the 3rd quarter valued at about $355,000.

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.