Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Stock Short Interest Report for October

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 110,846 shares, an increase of 124.1% from the September 30th total of 49,468 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average daily volume of 36,514 shares, the short-interest ratio is currently 3.0 days.

Inspire Small/Mid Cap ETF Trading Down 1.3%

Shares of Inspire Small/Mid Cap ETF stock traded down $0.64 on Friday, reaching $46.88. 35,594 shares of the company were exchanged, compared to its average volume of 35,754. Inspire Small/Mid Cap ETF has a fifty-two week low of $35.81 and a fifty-two week high of $51.58. The firm has a market capitalization of $328.16 million, a price-to-earnings ratio of 16.03 and a beta of 1.04. The stock has a fifty day moving average price of $47.42 and a 200-day moving average price of $45.54.

Inspire Small/Mid Cap ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 25th were issued a $0.2293 dividend. This is a boost from Inspire Small/Mid Cap ETF’s previous quarterly dividend of $0.2232. The ex-dividend date was Friday, September 25th. This represents a $0.92 dividend on an annualized basis and a yield of 2.0%.

Hedge Funds Weigh In On Inspire Small/Mid Cap ETF

A number of institutional investors have recently added to or reduced their stakes in ISMD. Root Financial Partners LLC purchased a new position in Inspire Small/Mid Cap ETF during the 3rd quarter valued at approximately $75,000. Farther Finance Advisors LLC increased its stake in shares of Inspire Small/Mid Cap ETF by 9.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 14,392 shares of the company’s stock worth $667,000 after purchasing an additional 1,201 shares during the last quarter. Continuum Advisory LLC bought a new stake in shares of Inspire Small/Mid Cap ETF during the second quarter worth $75,000. EverSource Wealth Advisors LLC boosted its holdings in Inspire Small/Mid Cap ETF by 6.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 35,546 shares of the company’s stock valued at $1,421,000 after purchasing an additional 2,254 shares during the period. Finally, RMG Wealth Management LLC bought a new stake in Inspire Small/Mid Cap ETF during the 1st quarter valued at approximately $565,000.

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.