Inspire Corporate Bond ETF (NYSEARCA:IBD) Sees Significant Decrease in Short Interest

Inspire Corporate Bond ETF (NYSEARCA:IBD) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 18,268 shares, a decrease of 34.5% from the November 30th total of 27,909 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 61,301 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 61,301 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Inspire Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in IBD. OLD Mission Capital LLC bought a new stake in shares of Inspire Corporate Bond ETF during the first quarter valued at approximately $404,000. Vicus Capital raised its position in shares of Inspire Corporate Bond ETF by 4.0% during the second quarter. Vicus Capital now owns 78,007 shares of the company’s stock worth $1,873,000 after purchasing an additional 3,035 shares during the period. RMG Wealth Management LLC bought a new position in Inspire Corporate Bond ETF in the second quarter valued at approximately $372,000. IFP Advisors Inc boosted its stake in Inspire Corporate Bond ETF by 29,004.0% in the 2nd quarter. IFP Advisors Inc now owns 58,790 shares of the company’s stock worth $1,412,000 after purchasing an additional 58,588 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of Inspire Corporate Bond ETF by 33.6% during the second quarter. Creative Financial Designs Inc. ADV now owns 899,262 shares of the company’s stock worth $21,591,000 after buying an additional 225,994 shares in the last quarter.

Inspire Corporate Bond ETF Price Performance

NYSEARCA:IBD traded up $0.03 during mid-day trading on Tuesday, hitting $24.16. 83,315 shares of the company’s stock traded hands, compared to its average volume of 83,157. The firm has a 50 day moving average of $24.16 and a two-hundred day moving average of $24.10. Inspire Corporate Bond ETF has a 12 month low of $22.84 and a 12 month high of $24.85.

Inspire Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were issued a dividend of $0.121 per share. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Wednesday, December 17th. This is a boost from Inspire Corporate Bond ETF’s previous monthly dividend of $0.07.

About Inspire Corporate Bond ETF

The Inspire Corporate Bond Impact ESG ETF (IBD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an equally weighted index of bonds issued by S&P 500-component companies that meet biblically responsible investing standards according to the Issuer. IBD was launched on Jul 10, 2017 and is managed by Inspire.