Short Interest in Inspire Global Hope ETF (NYSEARCA:BLES) Rises By 149.0%

Inspire Global Hope ETF (NYSEARCA:BLES) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 12,244 shares, a growth of 149.0% from the January 15th total of 4,917 shares. Based on an average daily trading volume, of 8,663 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 8,663 shares, the days-to-cover ratio is presently 1.4 days.

Inspire Global Hope ETF Stock Down 1.4%

Shares of NYSEARCA BLES traded down $0.67 during midday trading on Thursday, reaching $46.53. The company had a trading volume of 6,568 shares, compared to its average volume of 11,294. Inspire Global Hope ETF has a one year low of $33.30 and a one year high of $47.31. The firm’s fifty day moving average price is $44.40 and its 200-day moving average price is $42.99. The stock has a market cap of $144.25 million, a PE ratio of 18.40 and a beta of 0.98.

Inspire Global Hope ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were given a $0.2194 dividend. The ex-dividend date was Wednesday, December 17th. This is an increase from Inspire Global Hope ETF’s previous quarterly dividend of $0.16. This represents a $0.88 annualized dividend and a yield of 1.9%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BLES. Nations Financial Group Inc. IA ADV bought a new stake in Inspire Global Hope ETF during the 3rd quarter valued at $1,318,000. JPMorgan Chase & Co. grew its holdings in Inspire Global Hope ETF by 15.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,810 shares of the company’s stock worth $841,000 after acquiring an additional 2,673 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Inspire Global Hope ETF in the third quarter valued at about $823,000. Sound Income Strategies LLC bought a new position in shares of Inspire Global Hope ETF during the fourth quarter valued at about $50,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of Inspire Global Hope ETF by 31.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 33,664 shares of the company’s stock worth $1,455,000 after purchasing an additional 8,101 shares during the period.

About Inspire Global Hope ETF

The Inspire Global Hope ESG ETF (BLES) is an exchange-traded fund that mostly invests in large cap equity. The fund follows an equal-weighted index of 400 large-cap stocks selected for their alignment with the Issuer’s biblical values. BLES was launched on Feb 28, 2017 and is managed by Inspire.