Inspire Global Hope ETF (NYSEARCA:BLES) Short Interest Up 226.8% in June

Inspire Global Hope ETF (NYSEARCA:BLES) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 64,396 shares, an increase of 226.8% from the June 15th total of 19,707 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily trading volume, of 8,033 shares, the days-to-cover ratio is currently 8.0 days.

Inspire Global Hope ETF Stock Performance

BLES stock opened at $47.98 on Monday. Inspire Global Hope ETF has a twelve month low of $40.20 and a twelve month high of $48.97. The company has a market capitalization of $158.33 million, a P/E ratio of 18.40 and a beta of 0.88. The firm has a 50 day simple moving average of $47.72 and a 200-day simple moving average of $46.19.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Nations Financial Group Inc. IA ADV grew its holdings in Inspire Global Hope ETF by 23.2% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 60,122 shares of the company’s stock worth $2,667,000 after acquiring an additional 11,306 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Inspire Global Hope ETF by 31.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 33,664 shares of the company’s stock valued at $1,455,000 after purchasing an additional 8,101 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Inspire Global Hope ETF by 15.6% in the 3rd 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 in the last quarter. Flow Traders U.S. LLC bought a new position in shares of Inspire Global Hope ETF during the third quarter worth about $823,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Inspire Global Hope ETF by 8.7% during the first quarter. EverSource Wealth Advisors LLC now owns 7,547 shares of the company’s stock worth $335,000 after purchasing an additional 601 shares during the last quarter.

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.