Inspire 500 ETF (NYSEARCA:PTL) Stock Short Interest Report for September

Inspire 500 ETF (NYSEARCA:PTL) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 3,194 shares, a decrease of 37.3% from the September 15th total of 5,094 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 29,565 shares, the days-to-cover ratio is presently 0.1 days.

Inspire 500 ETF Price Performance

Shares of PTL traded down $3.74 during mid-day trading on Friday, reaching $268.63. The company’s stock had a trading volume of 43,580 shares, compared to its average volume of 25,306. Inspire 500 ETF has a 12-month low of $237.41 and a 12-month high of $293.22. The stock has a market cap of $864.99 million, a PE ratio of 25.14 and a beta of 0.99. The company’s 50 day moving average is $279.32 and its 200 day moving average is $278.06.

Inspire 500 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 25th were issued a $0.0832 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 0.1%. This is a negative change from Inspire 500 ETF’s previous quarterly dividend of $0.8158. The ex-dividend date of this dividend was Friday, September 25th.

Hedge Funds Weigh In On Inspire 500 ETF

Hedge funds have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc raised its holdings in Inspire 500 ETF by 1,173.1% during the first quarter. AdvisorNet Financial Inc now owns 331 shares of the company’s stock worth $83,000 after purchasing an additional 305 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Inspire 500 ETF in the 2nd quarter valued at $92,000. Root Financial Partners LLC acquired a new position in shares of Inspire 500 ETF in the 1st quarter valued at $93,000. RMG Wealth Management LLC acquired a new position in shares of Inspire 500 ETF in the 1st quarter valued at $823,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Inspire 500 ETF by 5.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,714 shares of the company’s stock valued at $1,011,000 after buying an additional 208 shares in the last quarter.

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.