Inspire 500 ETF (NYSEARCA:PTL – Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 8,023 shares, a drop of 43.6% from the May 14th total of 14,218 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 29,187 shares, the days-to-cover ratio is currently 0.3 days.
Hedge Funds Weigh In On Inspire 500 ETF
Several institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in shares of Inspire 500 ETF by 233.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 23,454 shares of the company’s stock worth $5,877,000 after buying an additional 16,417 shares during the period. RMG Wealth Management LLC acquired a new position in shares of Inspire 500 ETF during the 1st quarter worth about $823,000. Root Financial Partners LLC acquired a new position in shares of Inspire 500 ETF during the 1st quarter worth about $93,000. Vicus Capital acquired a new position in shares of Inspire 500 ETF during the 1st quarter worth about $1,367,000. Finally, Fiduciary Alliance LLC grew its position in shares of Inspire 500 ETF by 60.8% during the 1st quarter. Fiduciary Alliance LLC now owns 7,261 shares of the company’s stock worth $1,949,000 after buying an additional 2,746 shares during the period.
Inspire 500 ETF Trading Up 0.8%
Inspire 500 ETF stock opened at $282.88 on Friday. The firm has a market capitalization of $814.69 million, a P/E ratio of 25.14 and a beta of 0.98. Inspire 500 ETF has a 1 year low of $222.60 and a 1 year high of $293.22. The business has a 50-day moving average of $275.24 and a 200-day moving average of $262.27.
About Inspire 500 ETF
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.
Featured Articles
- Five stocks we like better than Inspire 500 ETF
- Alphabet’s Most Overlooked Division Just Had a Big Week
- Cooking Up Profits: Cracker Barrel’s Turnaround
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
Receive News & Ratings for Inspire 500 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inspire 500 ETF and related companies with MarketBeat.com's FREE daily email newsletter.
