Short Interest in Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Grows By 85.8%

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 2,382 shares, an increase of 85.8% from the December 15th total of 1,282 shares. Based on an average trading volume of 29,337 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 29,337 shares, the short-interest ratio is presently 0.1 days.

Inspire Small/Mid Cap ETF Trading Down 0.0%

Shares of Inspire Small/Mid Cap ETF stock traded down $0.01 during trading hours on Friday, reaching $41.79. The stock had a trading volume of 34,350 shares, compared to its average volume of 51,105. The firm has a market capitalization of $252.83 million, a price-to-earnings ratio of 16.03 and a beta of 1.08. Inspire Small/Mid Cap ETF has a 1 year low of $29.16 and a 1 year high of $42.00. The firm has a 50 day simple moving average of $38.93 and a two-hundred day simple moving average of $38.25.

Inspire Small/Mid Cap ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 17th were issued a $0.1005 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $0.40 annualized dividend and a yield of 1.0%.

Institutional Investors Weigh In On Inspire Small/Mid Cap ETF

Large investors have recently made changes to their positions in the business. Creative Financial Designs Inc. ADV raised its stake in shares of Inspire Small/Mid Cap ETF by 467.2% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 152,350 shares of the company’s stock valued at $5,413,000 after acquiring an additional 125,491 shares during the period. Nations Financial Group Inc. IA ADV acquired a new stake in Inspire Small/Mid Cap ETF in the 3rd quarter valued at $735,000. RMG Wealth Management LLC purchased a new position in Inspire Small/Mid Cap ETF in the second quarter valued at about $484,000. Sterling Investment Advisors Ltd. lifted its stake in shares of Inspire Small/Mid Cap ETF by 43.0% during the second quarter. Sterling Investment Advisors Ltd. now owns 14,300 shares of the company’s stock worth $508,000 after purchasing an additional 4,300 shares in the last quarter. Finally, United Capital Financial Advisors LLC lifted its stake in shares of Inspire Small/Mid Cap ETF by 15.1% during the third quarter. United Capital Financial Advisors LLC now owns 21,665 shares of the company’s stock worth $842,000 after purchasing an additional 2,850 shares in the last quarter.

About Inspire Small/Mid Cap ETF

The Inspire Small\u002FMid Cap Impact ESG ETF (ISMD) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of 500 small- and mid-cap US stocks that are screened for alignment with biblical values defined by the Issuer. ISMD was launched on Feb 28, 2017 and is managed by Inspire.