Inspire 500 ETF (NYSEARCA:PTL) Sees Large Decrease in Short Interest

Inspire 500 ETF (NYSEARCA:PTL) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 5,238 shares, a decline of 80.3% from the June 30th total of 26,646 shares. Based on an average daily volume of 33,878 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Inspire 500 ETF Stock Performance

NYSEARCA:PTL opened at $279.43 on Friday. Inspire 500 ETF has a 52 week low of $232.60 and a 52 week high of $293.22. The firm has a 50-day moving average price of $282.09 and a two-hundred day moving average price of $268.74. The firm has a market cap of $871.82 million, a price-to-earnings ratio of 25.14 and a beta of 0.97.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PTL. Mosaic Family Wealth Partners LLC increased its position in shares of Inspire 500 ETF by 2.6% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 2,602 shares of the company’s stock valued at $646,000 after purchasing an additional 66 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Inspire 500 ETF by 1,173.1% in the 1st quarter. AdvisorNet Financial Inc now owns 331 shares of the company’s stock worth $83,000 after buying an additional 305 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Inspire 500 ETF in the 1st quarter worth about $93,000. Strategic Blueprint LLC grew its position in Inspire 500 ETF by 47.6% during the fourth quarter. Strategic Blueprint LLC now owns 1,216 shares of the company’s stock valued at $302,000 after buying an additional 392 shares during the period. Finally, Fiduciary Alliance LLC grew 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 valued at $1,949,000 after buying 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.