Short Interest in Inspire Corporate Bond ETF (NYSEARCA:IBD) Increases By 282.5%

Inspire Corporate Bond ETF (NYSEARCA:IBD) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 157,142 shares, a growth of 282.5% from the August 15th total of 41,086 shares. Based on an average daily volume of 89,332 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.8% of the shares of the company are short sold.

Inspire Corporate Bond ETF Stock Performance

Shares of IBD opened at $23.35 on Friday. Inspire Corporate Bond ETF has a 12 month low of $22.94 and a 12 month high of $24.78. The stock has a fifty day moving average price of $23.62 and a 200 day moving average price of $23.79.

Inspire Corporate Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 26th were given a dividend of $0.0904 per share. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.

Institutional Investors Weigh In On Inspire Corporate Bond ETF

Hedge funds have recently made changes to their positions in the stock. Cornerstone Financial Management LLC bought a new stake in shares of Inspire Corporate Bond ETF during the fourth quarter valued at approximately $1,404,000. Creative Financial Designs Inc. ADV raised its stake in shares of Inspire Corporate Bond ETF by 5.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 987,188 shares of the company’s stock valued at $23,890,000 after purchasing an additional 49,299 shares in the last quarter. Bare Financial Services Inc lifted its position in Inspire Corporate Bond ETF by 6.0% in the fourth quarter. Bare Financial Services Inc now owns 714,733 shares of the company’s stock worth $17,297,000 after purchasing an additional 40,763 shares during the period. United Capital Financial Advisors LLC lifted its position in Inspire Corporate Bond ETF by 21.3% in the third quarter. United Capital Financial Advisors LLC now owns 147,391 shares of the company’s stock worth $3,559,000 after purchasing an additional 25,850 shares during the period. Finally, RMG Wealth Management LLC acquired a new stake in Inspire Corporate Bond ETF during the first quarter worth $432,000.

About Inspire Corporate Bond ETF

The Inspire Corporate Bond Impact ESG ETF (IBD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an equally weighted index of bonds issued by S&P 500-component companies that meet biblically responsible investing standards according to the Issuer. IBD was launched on Jul 10, 2017 and is managed by Inspire.