Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Sees Large Decline in Short Interest

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 40,386 shares, a decrease of 35.7% from the August 15th total of 62,788 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 39,835 shares, the short-interest ratio is presently 1.0 days.

Inspire Small/Mid Cap ETF Stock Down 1.1%

Shares of NYSEARCA ISMD traded down $0.54 during trading on Friday, reaching $47.01. 3,628 shares of the company traded hands, compared to its average volume of 36,926. The firm has a 50 day simple moving average of $49.19 and a 200-day simple moving average of $46.17. Inspire Small/Mid Cap ETF has a 52-week low of $35.81 and a 52-week high of $51.58. The stock has a market capitalization of $282.50 million, a PE ratio of 16.03 and a beta of 1.02.

Inspire Small/Mid Cap ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 26th were issued a $0.2232 dividend. This is an increase from Inspire Small/Mid Cap ETF’s previous quarterly dividend of $0.11. This represents a $0.89 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, June 26th.

Institutional Investors Weigh In On Inspire Small/Mid Cap ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc bought a new stake in shares of Inspire Small/Mid Cap ETF during the 1st quarter valued at $46,000. Continuum Advisory LLC purchased a new position in Inspire Small/Mid Cap ETF during the second quarter valued at $75,000. Root Financial Partners LLC bought a new stake in Inspire Small/Mid Cap ETF during the first quarter valued at about $66,000. EverSource Wealth Advisors LLC increased its position in Inspire Small/Mid Cap ETF by 6.8% in the first quarter. EverSource Wealth Advisors LLC now owns 35,546 shares of the company’s stock worth $1,421,000 after buying an additional 2,254 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its stake in shares of Inspire Small/Mid Cap ETF by 29.7% in the first quarter. Nations Financial Group Inc. IA ADV now owns 29,025 shares of the company’s stock worth $1,160,000 after buying an additional 6,642 shares during the period.

Inspire Small/Mid Cap ETF Company Profile

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.