Inspire International ETF (NYSEARCA:WWJD) Sees Large Decline in Short Interest

Inspire International ETF (NYSEARCA:WWJD) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 39,440 shares, a decrease of 67.6% from the June 15th total of 121,683 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 46,737 shares, the days-to-cover ratio is currently 0.8 days.

Inspire International ETF Price Performance

Shares of WWJD traded up $0.16 during trading hours on Friday, hitting $38.73. The stock had a trading volume of 85,736 shares, compared to its average volume of 63,284. Inspire International ETF has a 1-year low of $33.59 and a 1-year high of $40.81. The firm has a market capitalization of $534.47 million, a P/E ratio of 16.38 and a beta of 0.76. The firm has a 50 day simple moving average of $39.02 and a 200-day simple moving average of $38.42.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Betterment LLC grew its stake in Inspire International ETF by 4.4% in the fourth quarter. Betterment LLC now owns 6,175 shares of the company’s stock valued at $225,000 after acquiring an additional 261 shares during the period. Mosaic Family Wealth Partners LLC raised its position in shares of Inspire International ETF by 2.0% during the first quarter. Mosaic Family Wealth Partners LLC now owns 31,603 shares of the company’s stock worth $1,182,000 after purchasing an additional 617 shares during the period. IFP Advisors Inc raised its position in shares of Inspire International ETF by 3.8% during the third quarter. IFP Advisors Inc now owns 20,284 shares of the company’s stock worth $715,000 after purchasing an additional 735 shares during the period. Root Financial Partners LLC bought a new position in shares of Inspire International ETF in the 1st quarter worth $32,000. Finally, Strategic Blueprint LLC lifted its holdings in shares of Inspire International ETF by 11.5% in the 4th quarter. Strategic Blueprint LLC now owns 11,031 shares of the company’s stock worth $402,000 after purchasing an additional 1,138 shares in the last quarter.

Inspire International ETF Company Profile

The Inspire International ESG ETF (WWJD) is an exchange-traded fund that is based on the Inspire Global Hope Ex-US index. The fund offers exposure to equity in large firms outside the US, screened for biblical values per the index provider and weighted equally. WWJD was launched on Sep 30, 2019 and is managed by Inspire.