Inspire Corporate Bond ETF (NYSEARCA:IBD) Short Interest Update

Inspire Corporate Bond ETF (NYSEARCA:IBD) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 40,609 shares, a decrease of 74.2% from the August 31st total of 157,142 shares. Based on an average daily volume of 78,045 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Inspire Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in IBD. Sterling Investment Advisors Ltd. purchased a new stake in Inspire Corporate Bond ETF during the second quarter valued at about $238,000. Continuum Advisory LLC bought a new stake in shares of Inspire Corporate Bond ETF in the second quarter valued at approximately $56,000. RMG Wealth Management LLC bought a new stake in shares of Inspire Corporate Bond ETF in the first quarter valued at approximately $432,000. Root Financial Partners LLC purchased a new stake in shares of Inspire Corporate Bond ETF during the 1st quarter valued at approximately $118,000. Finally, Vicus Capital lifted its stake in shares of Inspire Corporate Bond ETF by 1.9% during the 1st quarter. Vicus Capital now owns 84,925 shares of the company’s stock valued at $2,026,000 after buying an additional 1,576 shares in the last quarter.

Inspire Corporate Bond ETF Stock Performance

NYSEARCA:IBD traded down $0.14 during trading hours on Friday, reaching $23.06. The stock had a trading volume of 80,953 shares, compared to its average volume of 95,697. The stock has a 50 day simple moving average of $23.53 and a 200 day simple moving average of $23.73. Inspire Corporate Bond ETF has a 12-month low of $22.94 and a 12-month high of $24.78.

Inspire Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 25th will be given a dividend of $0.0820 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 4.3%. This is a drop from Inspire Corporate Bond ETF’s previous monthly dividend of $0.0904.

Inspire Corporate Bond ETF Company Profile

The Inspire Corporate Bond Impact ESG ETF (IBD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an equally weighted index of bonds issued by S&P 500-component companies that meet biblically responsible investing standards according to the Issuer. IBD was launched on Jul 10, 2017 and is managed by Inspire.