Short Interest in Inspire 500 ETF (NYSEARCA:PTL) Expands By 98.6%

Inspire 500 ETF (NYSEARCA:PTL) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 10,399 shares, an increase of 98.6% from the July 30th total of 5,237 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,972 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On Inspire 500 ETF

Institutional investors have recently bought and sold shares of the stock. AdvisorNet Financial Inc boosted its holdings in shares of Inspire 500 ETF by 1,173.1% in the first quarter. AdvisorNet Financial Inc now owns 331 shares of the company’s stock worth $83,000 after buying an additional 305 shares during the period. Root Financial Partners LLC acquired a new position in Inspire 500 ETF in the 1st quarter worth approximately $93,000. Strategic Blueprint LLC grew its position in Inspire 500 ETF by 47.6% during the 4th quarter. Strategic Blueprint LLC now owns 1,216 shares of the company’s stock worth $302,000 after purchasing an additional 392 shares in the last quarter. Mosaic Family Wealth Partners LLC raised its stake in 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 purchasing an additional 66 shares during the period. Finally, RMG Wealth Management LLC bought a new stake in shares of Inspire 500 ETF in the first quarter valued at approximately $823,000.

Inspire 500 ETF Stock Performance

NYSEARCA PTL opened at $282.56 on Friday. Inspire 500 ETF has a 1 year low of $237.41 and a 1 year high of $293.22. The business’s fifty day moving average is $283.22 and its two-hundred day moving average is $273.62. The stock has a market capitalization of $881.59 million, a P/E ratio of 25.14 and a beta of 0.98.

About Inspire 500 ETF

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.