Inspire Corporate Bond ETF (NYSEARCA:IBD) Short Interest Up 5,864.8% in April

Inspire Corporate Bond ETF (NYSEARCA:IBD) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 37,161 shares, an increase of 5,864.8% from the April 15th total of 623 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 72,328 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Inspire Corporate Bond ETF

Several hedge funds have recently made changes to their positions in IBD. AdvisorNet Financial Inc increased its stake in shares of Inspire Corporate Bond ETF by 6,054.1% during the first quarter. AdvisorNet Financial Inc now owns 2,277 shares of the company’s stock valued at $54,000 after buying an additional 2,240 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Inspire Corporate Bond ETF in the first quarter worth $118,000. Advisory Services Network LLC grew its stake in shares of Inspire Corporate Bond ETF by 14.3% in the fourth quarter. Advisory Services Network LLC now owns 8,634 shares of the company’s stock worth $209,000 after acquiring an additional 1,077 shares during the last quarter. PVG Asset Management Corp grew its stake in shares of Inspire Corporate Bond ETF by 20.7% in the fourth quarter. PVG Asset Management Corp now owns 11,071 shares of the company’s stock worth $268,000 after acquiring an additional 1,900 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Inspire Corporate Bond ETF by 53.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 19,126 shares of the company’s stock valued at $463,000 after purchasing an additional 6,643 shares in the last quarter.

Inspire Corporate Bond ETF Stock Down 0.2%

Shares of Inspire Corporate Bond ETF stock opened at $23.83 on Wednesday. The business’s 50 day simple moving average is $23.93 and its two-hundred day simple moving average is $24.08. Inspire Corporate Bond ETF has a one year low of $23.51 and a one year high of $24.85.

Inspire Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 24th were issued a dividend of $0.0779 per share. This is an increase from Inspire Corporate Bond ETF’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Tuesday, February 24th.

Inspire Corporate Bond ETF Company Profile

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.