Inspire Global Hope ETF (NYSEARCA:BLES) Short Interest Down 71.1% in January

Inspire Global Hope ETF (NYSEARCA:BLES) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totaling 4,917 shares, a decrease of 71.1% from the December 31st total of 17,002 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,301 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 11,301 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.

Inspire Global Hope ETF Stock Down 1.1%

BLES traded down $0.51 on Friday, hitting $45.14. The company had a trading volume of 9,682 shares, compared to its average volume of 9,934. The business’s fifty day simple moving average is $43.82 and its 200 day simple moving average is $42.69. Inspire Global Hope ETF has a 12-month low of $33.30 and a 12-month high of $45.98. The company has a market cap of $139.93 million, a PE ratio of 18.40 and a beta of 0.98.

Inspire Global Hope ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were paid a $0.2194 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This is an increase from Inspire Global Hope ETF’s previous quarterly dividend of $0.16. This represents a $0.88 annualized dividend and a yield of 1.9%.

Institutional Investors Weigh In On Inspire Global Hope ETF

Several hedge funds and other institutional investors have recently modified their holdings of BLES. Vicus Capital lifted its holdings in Inspire Global Hope ETF by 8.3% during the 2nd quarter. Vicus Capital now owns 14,051 shares of the company’s stock valued at $571,000 after buying an additional 1,078 shares in the last quarter. Nations Financial Group Inc. IA ADV bought a new stake in shares of Inspire Global Hope ETF during the third quarter valued at approximately $1,318,000. JPMorgan Chase & Co. boosted its holdings in shares of Inspire Global Hope ETF by 15.6% in the third quarter. JPMorgan Chase & Co. now owns 19,810 shares of the company’s stock valued at $841,000 after purchasing an additional 2,673 shares during the period. Flow Traders U.S. LLC bought a new position in Inspire Global Hope ETF in the third quarter worth approximately $823,000. Finally, Sound Income Strategies LLC purchased a new position in Inspire Global Hope ETF during the 4th quarter worth $50,000.

About Inspire Global Hope ETF

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.