Inspire Global Hope ETF (NYSEARCA:BLES) Short Interest Up 226.8% in June

Inspire Global Hope ETF (NYSEARCA:BLES) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 64,396 shares, a growth of 226.8% from the June 15th total of 19,707 shares. Based on an average trading volume of 8,033 shares, the days-to-cover ratio is currently 8.0 days. Currently, 2.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Inspire Global Hope ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new position in Inspire Global Hope ETF in the 3rd quarter worth $823,000. Nations Financial Group Inc. IA ADV increased its position in shares of Inspire Global Hope ETF by 57.3% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 48,816 shares of the company’s stock worth $2,109,000 after acquiring an additional 17,776 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of Inspire Global Hope ETF by 31.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 33,664 shares of the company’s stock worth $1,455,000 after acquiring an additional 8,101 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Inspire Global Hope ETF in the fourth quarter worth about $220,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Inspire Global Hope ETF by 15.6% in the third quarter. JPMorgan Chase & Co. now owns 19,810 shares of the company’s stock worth $841,000 after acquiring an additional 2,673 shares in the last quarter.

Inspire Global Hope ETF Price Performance

BLES opened at $47.98 on Monday. The firm’s 50 day moving average is $47.72 and its 200-day moving average is $46.19. Inspire Global Hope ETF has a 52-week low of $40.20 and a 52-week high of $48.97. The firm has a market capitalization of $158.33 million, a P/E ratio of 18.40 and a beta of 0.88.

Inspire Global Hope ETF Company Profile

The Inspire Global Hope ESG ETF (BLES) is an exchange-traded fund that mostly invests in large cap equity. The fund follows an equal-weighted index of 400 large-cap stocks selected for their alignment with the Issuer’s biblical values. BLES was launched on Feb 28, 2017 and is managed by Inspire.