Inspire International ETF (NYSEARCA:WWJD) Sees Large Growth in Short Interest

Inspire International ETF (NYSEARCA:WWJD) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 21,486 shares, a growth of 62.6% from the August 31st total of 13,211 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 40,044 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WWJD. Root Financial Partners LLC acquired a new stake in Inspire International ETF during the 1st quarter worth approximately $32,000. AdvisorNet Financial Inc raised its holdings in shares of Inspire International ETF by 777.9% during the first quarter. AdvisorNet Financial Inc now owns 1,949 shares of the company’s stock worth $73,000 after acquiring an additional 1,727 shares during the period. Cornerstone Financial Management LLC bought a new stake in Inspire International ETF in the 4th quarter valued at $934,000. Mosaic Family Wealth Partners LLC boosted its stake in Inspire International ETF by 2.0% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 31,603 shares of the company’s stock worth $1,182,000 after purchasing an additional 617 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its holdings in Inspire International ETF by 23.3% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 50,991 shares of the company’s stock worth $1,907,000 after purchasing an additional 9,652 shares in the last quarter.

Inspire International ETF Price Performance

Shares of Inspire International ETF stock traded down $0.58 during trading on Thursday, hitting $38.19. 130,191 shares of the company were exchanged, compared to its average volume of 61,170. The firm has a market capitalization of $548.03 million, a P/E ratio of 16.38 and a beta of 0.77. Inspire International ETF has a 1-year low of $34.65 and a 1-year high of $44.01. The firm’s fifty day moving average price is $40.23 and its 200 day moving average price is $39.22.

Inspire International ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 25th will be paid a $0.1649 dividend. The ex-dividend date of this dividend is Friday, September 25th. This is a drop from Inspire International ETF’s previous quarterly dividend of $0.5312. This represents a $0.66 annualized dividend and a yield of 1.7%.

About Inspire International ETF

The Inspire International ESG ETF (WWJD) is an exchange-traded fund that is based on the Inspire Global Hope Ex-US index. The fund offers exposure to equity in large firms outside the US, screened for biblical values per the index provider and weighted equally. WWJD was launched on Sep 30, 2019 and is managed by Inspire.