Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Short Interest Up 287.4% in February

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 33,267 shares, a growth of 287.4% from the February 12th total of 8,587 shares. Based on an average daily trading volume, of 24,738 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 24,738 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Investors Weigh In On Inspire Small/Mid Cap ETF

Several institutional investors and hedge funds have recently made changes to their positions in ISMD. Mosaic Family Wealth Partners LLC increased its position in Inspire Small/Mid Cap ETF by 7.4% in the 2nd quarter. Mosaic Family Wealth Partners LLC now owns 6,902 shares of the company’s stock valued at $245,000 after acquiring an additional 473 shares in the last quarter. Trust Point Inc. lifted its holdings in Inspire Small/Mid Cap ETF by 3.2% during the 3rd quarter. Trust Point Inc. now owns 16,476 shares of the company’s stock worth $640,000 after buying an additional 504 shares in the last quarter. Nations Financial Group Inc. IA ADV bought a new position in Inspire Small/Mid Cap ETF in the 3rd quarter valued at $735,000. Creative Financial Designs Inc. ADV increased its stake in shares of Inspire Small/Mid Cap ETF by 6.1% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 161,712 shares of the company’s stock valued at $6,284,000 after buying an additional 9,362 shares during the period. Finally, United Capital Financial Advisors LLC raised its position in shares of Inspire Small/Mid Cap ETF by 15.1% during the third quarter. United Capital Financial Advisors LLC now owns 21,665 shares of the company’s stock worth $842,000 after acquiring an additional 2,850 shares during the last quarter.

Inspire Small/Mid Cap ETF Trading Down 0.7%

NYSEARCA ISMD traded down $0.29 during trading on Wednesday, hitting $39.85. 27,380 shares of the company traded hands, compared to its average volume of 41,435. Inspire Small/Mid Cap ETF has a 12 month low of $29.16 and a 12 month high of $43.15. The business has a fifty day simple moving average of $41.47 and a 200 day simple moving average of $39.60. The company has a market capitalization of $243.09 million, a P/E ratio of 16.03 and a beta of 1.08.

Inspire Small/Mid Cap ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were issued a $0.1005 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%.

About Inspire Small/Mid Cap ETF

The Inspire Small\u002FMid Cap Impact ESG ETF (ISMD) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of 500 small- and mid-cap US stocks that are screened for alignment with biblical values defined by the Issuer. ISMD was launched on Feb 28, 2017 and is managed by Inspire.