Inspire Global Hope ETF (NYSEARCA:BLES) Sees Large Increase in Short Interest

Inspire Global Hope ETF (NYSEARCA:BLES) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 26,397 shares, an increase of 83.4% from the September 15th total of 14,391 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 15,327 shares, the short-interest ratio is presently 1.7 days.

Inspire Global Hope ETF Trading Down 1.4%

BLES opened at $47.22 on Thursday. The business’s 50 day moving average is $48.96 and its 200-day moving average is $47.94. The stock has a market cap of $162.91 million, a PE ratio of 18.40 and a beta of 0.89. Inspire Global Hope ETF has a twelve month low of $41.22 and a twelve month high of $50.46.

Inspire Global Hope ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 25th were given a $0.1801 dividend. The ex-dividend date was Friday, September 25th. This represents a $0.72 annualized dividend and a yield of 1.5%. This is a decrease from Inspire Global Hope ETF’s previous quarterly dividend of $0.4041.

Institutional Trading of Inspire Global Hope ETF

Several hedge funds have recently added to or reduced their stakes in BLES. EverSource Wealth Advisors LLC boosted its position in Inspire Global Hope ETF by 8.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,547 shares of the company’s stock worth $335,000 after acquiring an additional 601 shares during the period. Continuum Advisory LLC acquired a new position in shares of Inspire Global Hope ETF during the second quarter valued at $31,000. Farther Finance Advisors LLC acquired a new position in shares of Inspire Global Hope ETF during the third quarter valued at $34,000. Root Financial Partners LLC acquired a new position in shares of Inspire Global Hope ETF during the first quarter valued at $32,000. Finally, Nations Financial Group Inc. IA ADV increased its holdings in shares of Inspire Global Hope ETF by 23.2% during the first quarter. Nations Financial Group Inc. IA ADV now owns 60,122 shares of the company’s stock valued at $2,667,000 after purchasing an additional 11,306 shares during the period.

Inspire Global Hope ETF Company Profile

The Inspire Global Hope ESG ETF (BLES) is an exchange-traded fund that mostly invests in large cap equity. The fund follows an equal-weighted index of 400 large-cap stocks selected for their alignment with the Issuer’s biblical values. BLES was launched on Feb 28, 2017 and is managed by Inspire.