Inspire Global Hope ETF (NYSEARCA:BLES) Shares Shorted: Short Interest Up 83.4% in September

Inspire Global Hope ETF (NYSEARCA:BLES) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 26,397 shares, an increase of 83.4% from the September 15th total of 14,391 shares. Based on an average daily volume of 15,327 shares, the short-interest ratio is currently 1.7 days. Currently, 0.8% of the shares of the stock are sold short.

Institutional Trading of Inspire Global Hope ETF

A number of institutional investors have recently made changes to their positions in BLES. Continuum Advisory LLC purchased a new stake in shares of Inspire Global Hope ETF during the second quarter worth approximately $31,000. Farther Finance Advisors LLC purchased a new position in Inspire Global Hope ETF in the 3rd quarter valued at $34,000. Root Financial Partners LLC acquired a new stake in Inspire Global Hope ETF during the 1st quarter worth $32,000. EverSource Wealth Advisors LLC boosted its stake in Inspire Global Hope ETF by 8.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,547 shares of the company’s stock worth $335,000 after purchasing an additional 601 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of Inspire Global Hope ETF by 23.2% during the first quarter. Nations Financial Group Inc. IA ADV now owns 60,122 shares of the company’s stock worth $2,667,000 after buying an additional 11,306 shares in the last quarter.

Inspire Global Hope ETF Price Performance

Inspire Global Hope ETF stock traded down $0.46 during midday trading on Friday, reaching $47.31. The company had a trading volume of 3,646 shares, compared to its average volume of 10,525. Inspire Global Hope ETF has a 12-month low of $41.22 and a 12-month high of $50.46. The company has a market capitalization of $163.22 million, a P/E ratio of 18.40 and a beta of 0.89. The firm’s fifty day simple moving average is $48.92 and its 200-day simple moving average is $47.97.

Inspire Global Hope ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 25th were issued a dividend of $0.1801 per share. The ex-dividend date of this dividend was Friday, September 25th. This is a decrease from Inspire Global Hope ETF’s previous quarterly dividend of $0.4041. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.5%.

Inspire Global Hope ETF Company Profile

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.