Inspire 500 ETF (NYSEARCA:PTL) Sees Large Drop in Short Interest

Inspire 500 ETF (NYSEARCA:PTL) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 9,500 shares, a decrease of 26.9% from the September 30th total of 13,000 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 11,800 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 11,800 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Investors Weigh In On Inspire 500 ETF

A number of institutional investors have recently modified their holdings of the stock. RMG Wealth Management LLC acquired a new stake in shares of Inspire 500 ETF in the 3rd quarter valued at about $701,000. Nations Financial Group Inc. IA ADV raised its stake in Inspire 500 ETF by 669.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 14,436 shares of the company’s stock worth $3,598,000 after acquiring an additional 12,559 shares during the period. Strategic Blueprint LLC acquired a new stake in Inspire 500 ETF during the third quarter worth about $205,000. Fiduciary Alliance LLC acquired a new stake in Inspire 500 ETF during the third quarter worth about $355,000. Finally, Mosaic Family Wealth Partners LLC raised its stake 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 acquiring an additional 138 shares during the period.

Inspire 500 ETF Trading Down 0.4%

NYSEARCA:PTL traded down $1.00 on Monday, reaching $250.97. The stock had a trading volume of 15,830 shares, compared to its average volume of 11,498. The company has a 50-day moving average of $247.91 and a 200 day moving average of $233.04. The stock has a market cap of $522.02 million, a P/E 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 $255.20.

Inspire 500 ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 26th were paid a $0.7686 dividend. This represents a $3.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, September 26th.

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.