Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Sees Large Decrease in Short Interest

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 21,909 shares, a decline of 80.2% from the October 15th total of 110,846 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 27,192 shares, the days-to-cover ratio is currently 0.8 days.

Inspire Small/Mid Cap ETF Stock Up 0.2%

NYSEARCA:ISMD traded up $0.08 during trading hours on Friday, reaching $46.53. The company had a trading volume of 15,418 shares, compared to its average volume of 35,081. The stock has a 50-day moving average of $46.95 and a two-hundred day moving average of $45.83. Inspire Small/Mid Cap ETF has a one year low of $35.81 and a one year high of $51.58. The firm has a market capitalization of $328.04 million, a PE ratio of 18.30 and a beta of 1.05.

Inspire Small/Mid Cap ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 25th were paid a dividend of $0.2293 per share. This is a positive change from Inspire Small/Mid Cap ETF’s previous quarterly dividend of $0.2232. This represents a $0.92 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, September 25th.

Institutional Trading of Inspire Small/Mid Cap ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Continuum Advisory LLC bought a new position in shares of Inspire Small/Mid Cap ETF in the second quarter worth about $75,000. Root Financial Partners LLC acquired a new stake in shares of Inspire Small/Mid Cap ETF during the third quarter worth $75,000. RMG Wealth Management LLC acquired a new position in shares of Inspire Small/Mid Cap ETF during the 1st quarter worth about $565,000. Farther Finance Advisors LLC increased its stake in Inspire Small/Mid Cap ETF by 9.1% in the third quarter. Farther Finance Advisors LLC now owns 14,392 shares of the company’s stock valued at $667,000 after purchasing an additional 1,201 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Inspire Small/Mid Cap ETF by 6.8% in the first quarter. EverSource Wealth Advisors LLC now owns 35,546 shares of the company’s stock worth $1,421,000 after acquiring an additional 2,254 shares in the last quarter.

About Inspire Small/Mid Cap ETF

The Inspire Small\u002FMid Cap Impact ESG ETF (ISMD) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of 500 small- and mid-cap US stocks that are screened for alignment with biblical values defined by the Issuer. ISMD was launched on Feb 28, 2017 and is managed by Inspire.