Inspire 500 ETF (NYSEARCA:PTL) Short Interest Up 363.3% in June

Inspire 500 ETF (NYSEARCA:PTL) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 26,646 shares, a growth of 363.3% from the June 15th total of 5,751 shares. Based on an average daily volume of 59,181 shares, the short-interest ratio is currently 0.5 days. Approximately 0.9% of the shares of the company are sold short.

Inspire 500 ETF Stock Down 1.1%

Shares of PTL opened at $280.83 on Tuesday. The business has a 50-day simple moving average of $281.87 and a two-hundred day simple moving average of $267.00. Inspire 500 ETF has a 52 week low of $230.00 and a 52 week high of $293.22. The stock has a market cap of $876.19 million, a price-to-earnings ratio of 25.14 and a beta of 0.97.

Institutional Investors Weigh In On Inspire 500 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PTL. EverSource Wealth Advisors LLC boosted its position in shares of Inspire 500 ETF by 233.3% in the first quarter. EverSource Wealth Advisors LLC now owns 23,454 shares of the company’s stock worth $5,877,000 after purchasing an additional 16,417 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in shares of Inspire 500 ETF by 68.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 15,741 shares of the company’s stock valued at $3,907,000 after buying an additional 6,411 shares in the last quarter. Vicus Capital bought a new position in Inspire 500 ETF in the 1st quarter worth $1,367,000. United Capital Financial Advisors LLC increased its stake in Inspire 500 ETF by 22.5% in the 3rd quarter. United Capital Financial Advisors LLC now owns 27,106 shares of the company’s stock worth $6,756,000 after buying an additional 4,972 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its holdings 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 valued at $5,697,000 after acquiring an additional 4,792 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.