Inspire Corporate Bond ETF (NYSEARCA:IBD) Short Interest Up 50.2% in December

Inspire Corporate Bond ETF (NYSEARCA:IBD) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 27,442 shares, a growth of 50.2% from the December 15th total of 18,268 shares. Based on an average daily trading volume, of 58,995 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 58,995 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Inspire Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in the business. Hanson & Doremus Investment Management acquired a new position in shares of Inspire Corporate Bond ETF during the third quarter valued at about $156,000. RMG Wealth Management LLC acquired a new stake in Inspire Corporate Bond ETF in the 2nd quarter worth approximately $372,000. Trust Point Inc. grew its position in Inspire Corporate Bond ETF by 2.4% during the 4th quarter. Trust Point Inc. now owns 40,269 shares of the company’s stock worth $975,000 after purchasing an additional 959 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its stake in Inspire Corporate Bond ETF by 499.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 54,968 shares of the company’s stock valued at $1,328,000 after purchasing an additional 45,794 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in Inspire Corporate Bond ETF by 29,004.0% during the 2nd quarter. IFP Advisors Inc now owns 58,790 shares of the company’s stock valued at $1,412,000 after purchasing an additional 58,588 shares in the last quarter.

Inspire Corporate Bond ETF Trading Up 0.1%

NYSEARCA:IBD traded up $0.02 during midday trading on Friday, reaching $24.14. 623,182 shares of the stock traded hands, compared to its average volume of 138,462. Inspire Corporate Bond ETF has a 12-month low of $22.84 and a 12-month high of $24.85. The business has a 50-day moving average of $24.16 and a two-hundred day moving average of $24.13.

Inspire Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 17th were given a dividend of $0.121 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a c) annualized dividend and a yield of 6.0%. This is an increase 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.