Short Interest in Inspire 500 ETF (NYSEARCA:PTL) Decreases By 59.4%

Inspire 500 ETF (NYSEARCA:PTL) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 3,253 shares, a decline of 59.4% from the December 15th total of 8,020 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 10,063 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 10,063 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PTL. Mosaic Family Wealth Partners LLC grew its position in Inspire 500 ETF by 6.1% during the second quarter. Mosaic Family Wealth Partners LLC now owns 2,388 shares of the company’s stock worth $548,000 after buying an additional 138 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its position in shares of Inspire 500 ETF by 896.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 249 shares of the company’s stock worth $57,000 after acquiring an additional 224 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Inspire 500 ETF by 1,907.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 281 shares of the company’s stock worth $70,000 after acquiring an additional 267 shares during the period. Sterling Investment Advisors Ltd. grew its holdings in shares of Inspire 500 ETF by 25.5% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,075 shares of the company’s stock worth $705,000 after purchasing an additional 625 shares in the last quarter. Finally, Strategic Blueprint LLC bought a new stake in shares of Inspire 500 ETF during the third quarter valued at approximately $205,000.

Inspire 500 ETF Stock Performance

Shares of PTL traded down $1.06 during mid-day trading on Wednesday, hitting $257.58. The company’s stock had a trading volume of 15,006 shares, compared to its average volume of 28,867. The stock’s 50-day moving average is $250.56 and its two-hundred day moving average is $245.52. The firm has a market capitalization of $643.95 million, a PE ratio of 25.14 and a beta of 1.05. Inspire 500 ETF has a one year low of $177.91 and a one year high of $259.78.

Inspire 500 ETF Cuts Dividend

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

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.