Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Short Interest Update

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 110,717 shares, a growth of 98.3% from the June 15th total of 55,835 shares. Based on an average daily volume of 21,836 shares, the days-to-cover ratio is presently 5.1 days. Currently, 1.6% of the shares of the stock are sold short.

Inspire Small/Mid Cap ETF Trading Down 0.8%

Shares of ISMD traded down $0.38 during trading hours on Friday, reaching $49.54. 25,768 shares of the company’s stock traded hands, compared to its average volume of 37,110. Inspire Small/Mid Cap ETF has a 12 month low of $34.67 and a 12 month high of $50.48. The stock has a market cap of $331.92 million, a PE ratio of 16.03 and a beta of 1.02. The firm’s 50 day simple moving average is $47.59 and its 200-day simple moving average is $43.71.

Institutional Investors Weigh In On Inspire Small/Mid Cap ETF

A number of hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its position in Inspire Small/Mid Cap ETF by 6.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 35,546 shares of the company’s stock valued at $1,421,000 after purchasing an additional 2,254 shares during the last quarter. RMG Wealth Management LLC bought a new stake in shares of Inspire Small/Mid Cap ETF in the 1st quarter worth approximately $565,000. Root Financial Partners LLC bought a new stake in shares of Inspire Small/Mid Cap ETF in the 1st quarter worth approximately $66,000. AdvisorNet Financial Inc purchased a new position in shares of Inspire Small/Mid Cap ETF during the first quarter valued at approximately $46,000. Finally, Nations Financial Group Inc. IA ADV increased its stake in shares of Inspire Small/Mid Cap ETF by 29.7% during the first quarter. Nations Financial Group Inc. IA ADV now owns 29,025 shares of the company’s stock valued at $1,160,000 after buying an additional 6,642 shares during the period.

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.