Short Interest in Inspire 500 ETF (NYSEARCA:PTL) Drops By 43.6%

Inspire 500 ETF (NYSEARCA:PTL) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 8,023 shares, a decrease of 43.6% from the May 14th total of 14,218 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 29,187 shares, the short-interest ratio is currently 0.3 days.

Inspire 500 ETF Trading Up 1.4%

Shares of PTL stock traded up $3.86 during trading hours on Monday, hitting $286.74. The company’s stock had a trading volume of 25,945 shares, compared to its average volume of 26,067. The company has a 50 day moving average of $275.93 and a 200 day moving average of $262.65. The stock has a market cap of $825.81 million, a PE ratio of 25.14 and a beta of 0.98. Inspire 500 ETF has a 12-month low of $222.60 and a 12-month high of $293.22.

Hedge Funds Weigh In On Inspire 500 ETF

A number of large investors have recently added to or reduced their stakes in the stock. United Capital Financial Advisors LLC raised its position in Inspire 500 ETF by 22.5% during the third quarter. United Capital Financial Advisors LLC now owns 27,106 shares of the company’s stock worth $6,756,000 after acquiring an additional 4,972 shares during the period. EverSource Wealth Advisors LLC raised its position in Inspire 500 ETF by 233.3% during the first quarter. EverSource Wealth Advisors LLC now owns 23,454 shares of the company’s stock worth $5,877,000 after acquiring an additional 16,417 shares during the period. Nations Financial Group Inc. IA ADV raised its position in Inspire 500 ETF by 26.7% during the first quarter. Nations Financial Group Inc. IA ADV now owns 22,738 shares of the company’s stock worth $5,697,000 after acquiring an additional 4,792 shares during the period. Creative Financial Designs Inc. ADV raised its position in Inspire 500 ETF by 68.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 15,741 shares of the company’s stock worth $3,907,000 after acquiring an additional 6,411 shares during the period. Finally, Fiduciary Alliance LLC raised its position in Inspire 500 ETF by 60.8% during the first quarter. Fiduciary Alliance LLC now owns 7,261 shares of the company’s stock worth $1,949,000 after acquiring an additional 2,746 shares during the period.

Inspire 500 ETF Company Profile

The Inspire 500 ETF (PTL) is an exchange-traded fund that is based on the Inspire 500 index, a market-cap-weighted index of 500 large-cap US stocks, selected based on the issuers proprietary criteria of biblical values.