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

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 1,282 shares, a drop of 82.6% from the November 30th total of 7,383 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 24,208 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 24,208 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Inspire Small/Mid Cap ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV lifted its holdings in Inspire Small/Mid Cap ETF by 467.2% in the second quarter. Creative Financial Designs Inc. ADV now owns 152,350 shares of the company’s stock valued at $5,413,000 after acquiring an additional 125,491 shares during the period. Nations Financial Group Inc. IA ADV purchased a new stake in shares of Inspire Small/Mid Cap ETF during the third quarter worth approximately $735,000. RMG Wealth Management LLC acquired a new stake in shares of Inspire Small/Mid Cap ETF in the second quarter valued at about $484,000. Sterling Investment Advisors Ltd. raised its holdings in Inspire Small/Mid Cap ETF by 43.0% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 14,300 shares of the company’s stock valued at $508,000 after acquiring an additional 4,300 shares during the last quarter. Finally, United Capital Financial Advisors LLC lifted its stake in Inspire Small/Mid Cap ETF by 15.1% in the 3rd quarter. United Capital Financial Advisors LLC now owns 21,665 shares of the company’s stock worth $842,000 after purchasing an additional 2,850 shares in the last quarter.

Inspire Small/Mid Cap ETF Trading Up 0.4%

Shares of ISMD stock traded up $0.14 during trading hours on Thursday, reaching $39.42. 7,616 shares of the company’s stock were exchanged, compared to its average volume of 33,692. Inspire Small/Mid Cap ETF has a fifty-two week low of $29.16 and a fifty-two week high of $40.19. The stock’s 50 day moving average is $38.34 and its 200-day moving average is $37.68. The company has a market cap of $232.58 million, a price-to-earnings ratio of 16.03 and a beta of 1.08.

Inspire Small/Mid Cap ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were issued a $0.1005 dividend. This represents a $0.40 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, December 17th.

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.