Inspire 500 ETF (NYSEARCA:PTL) Short Interest Up 127.4% in February

Inspire 500 ETF (NYSEARCA:PTL) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 6,800 shares, a growth of 127.4% from the January 29th total of 2,990 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 17,789 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 17,789 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Inspire 500 ETF Trading Up 0.3%

Shares of Inspire 500 ETF stock opened at $263.80 on Friday. The company has a fifty day simple moving average of $256.84 and a 200-day simple moving average of $250.77. The stock has a market cap of $672.69 million, a price-to-earnings ratio of 25.14 and a beta of 1.05. Inspire 500 ETF has a 12-month low of $177.91 and a 12-month high of $269.00.

Inspire 500 ETF Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. GPS Wealth Strategies Group LLC lifted its holdings in shares of Inspire 500 ETF by 896.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 249 shares of the company’s stock worth $57,000 after purchasing an additional 224 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Inspire 500 ETF by 1,907.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 281 shares of the company’s stock worth $70,000 after acquiring an additional 267 shares during the period. Strategic Blueprint LLC purchased a new stake in shares of Inspire 500 ETF in the third quarter valued at about $205,000. Fiduciary Alliance LLC acquired a new position in shares of Inspire 500 ETF during the third quarter worth about $355,000. Finally, Mosaic Family Wealth Partners LLC raised its holdings in Inspire 500 ETF by 6.1% during the second quarter. Mosaic Family Wealth Partners LLC now owns 2,388 shares of the company’s stock worth $548,000 after purchasing an additional 138 shares in the last quarter.

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.