Short Interest in Inspire Corporate Bond ETF (NYSEARCA:IBD) Grows By 129.8%

Inspire Corporate Bond ETF (NYSEARCA:IBD) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 41,086 shares, a growth of 129.8% from the July 30th total of 17,877 shares. Based on an average daily volume of 75,550 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Inspire Corporate Bond ETF Stock Performance

IBD traded down $0.07 during trading on Friday, reaching $23.55. 85,611 shares of the company’s stock were exchanged, compared to its average volume of 97,887. The company’s fifty day simple moving average is $23.69 and its 200-day simple moving average is $23.85. Inspire Corporate Bond ETF has a 1 year low of $22.94 and a 1 year high of $24.78.

Institutional Trading of Inspire Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IBD. Cornerstone Financial Management LLC acquired a new stake in Inspire Corporate Bond ETF in the 4th quarter valued at $1,404,000. Bare Financial Services Inc increased its holdings in Inspire Corporate Bond ETF by 6.0% in the 4th quarter. Bare Financial Services Inc now owns 714,733 shares of the company’s stock worth $17,297,000 after acquiring an additional 40,763 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in Inspire Corporate Bond ETF by 5.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 987,188 shares of the company’s stock worth $23,890,000 after acquiring an additional 49,299 shares during the period. Nations Financial Group Inc. IA ADV raised its position in Inspire Corporate Bond ETF by 15.8% during the first quarter. Nations Financial Group Inc. IA ADV now owns 75,819 shares of the company’s stock worth $1,809,000 after acquiring an additional 10,344 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Inspire Corporate Bond ETF by 53.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 19,126 shares of the company’s stock valued at $463,000 after purchasing an additional 6,643 shares in the last quarter.

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.