Inspire 500 ETF (NYSEARCA:PTL) Short Interest Up 127.4% in February

Inspire 500 ETF (NYSEARCA:PTL) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 6,800 shares, an increase of 127.4% from the January 29th total of 2,990 shares. Based on an average trading volume of 17,789 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 17,789 shares, the short-interest ratio is currently 0.4 days.

Inspire 500 ETF Price Performance

Shares of PTL stock traded down $0.40 during trading hours on Friday, hitting $263.40. The company had a trading volume of 13,072 shares, compared to its average volume of 18,143. The stock has a market capitalization of $671.67 million, a PE ratio of 25.14 and a beta of 1.05. The company’s fifty day moving average is $257.14 and its 200 day moving average is $251.02. Inspire 500 ETF has a fifty-two week low of $177.91 and a fifty-two week high of $269.00.

Inspire 500 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were given a dividend of $0.7576 per share. This represents a $3.03 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, December 17th.

Institutional Investors Weigh In On Inspire 500 ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Mosaic Family Wealth Partners LLC boosted its holdings in Inspire 500 ETF by 2.6% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 2,602 shares of the company’s stock valued at $646,000 after acquiring an additional 66 shares during the period. GPS Wealth Strategies Group LLC increased its stake in Inspire 500 ETF by 896.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 249 shares of the company’s stock worth $57,000 after purchasing an additional 224 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Inspire 500 ETF by 1,907.1% during the third quarter. EverSource Wealth Advisors LLC now owns 281 shares of the company’s stock worth $70,000 after purchasing an additional 267 shares in the last quarter. Strategic Blueprint LLC boosted its stake in shares of Inspire 500 ETF by 47.6% in the fourth quarter. Strategic Blueprint LLC now owns 1,216 shares of the company’s stock valued at $302,000 after purchasing an additional 392 shares during the period. Finally, Fiduciary Alliance LLC acquired a new position in shares of Inspire 500 ETF in the third quarter valued at approximately $355,000.

Inspire 500 ETF Company Profile

The Inspire 500 ETF (PTL) is an exchange-traded fund that is based on the Inspire 500 index, a market-cap-weighted index of 500 large-cap US stocks, selected based on the issuers proprietary criteria of biblical values.