Inspire 500 ETF (NYSEARCA:PTL) Short Interest Update

Inspire 500 ETF (NYSEARCA:PTL) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 5,238 shares, a drop of 80.3% from the June 30th total of 26,646 shares. Based on an average daily volume of 33,878 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of Inspire 500 ETF

Hedge funds have recently made changes to their positions in the company. Mosaic Family Wealth Partners LLC lifted its position in shares of Inspire 500 ETF by 2.6% during the 4th 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. AdvisorNet Financial Inc grew its stake in shares of Inspire 500 ETF by 1,173.1% during the 1st quarter. AdvisorNet Financial Inc now owns 331 shares of the company’s stock worth $83,000 after acquiring an additional 305 shares during the period. Root Financial Partners LLC bought a new position in shares of Inspire 500 ETF during the 1st quarter worth $93,000. Strategic Blueprint LLC increased its holdings in Inspire 500 ETF by 47.6% in the 4th quarter. Strategic Blueprint LLC now owns 1,216 shares of the company’s stock worth $302,000 after acquiring an additional 392 shares during the last quarter. Finally, Fiduciary Alliance LLC increased its holdings in Inspire 500 ETF by 60.8% in the 1st quarter. Fiduciary Alliance LLC now owns 7,261 shares of the company’s stock worth $1,949,000 after acquiring an additional 2,746 shares during the last quarter.

Inspire 500 ETF Trading Down 0.5%

NYSEARCA:PTL opened at $279.43 on Friday. Inspire 500 ETF has a 12 month low of $232.60 and a 12 month high of $293.22. The firm’s 50 day moving average is $282.09 and its 200 day moving average is $268.74. The stock has a market capitalization of $871.82 million, a PE ratio of 25.14 and a beta of 0.97.

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.