Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Sees Significant Drop in Short Interest

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 10,575 shares, a decrease of 37.3% from the January 15th total of 16,868 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 48,450 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 48,450 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Inspire Small/Mid Cap ETF

Institutional investors have recently made changes to their positions in the company. Sound Income Strategies LLC acquired a new position in shares of Inspire Small/Mid Cap ETF in the 4th quarter valued at $35,000. Strategic Blueprint LLC acquired a new position in shares of Inspire Small/Mid Cap ETF in the fourth quarter worth about $218,000. Mosaic Family Wealth Partners LLC boosted its stake in shares of Inspire Small/Mid Cap ETF by 7.4% during the 2nd quarter. Mosaic Family Wealth Partners LLC now owns 6,902 shares of the company’s stock worth $245,000 after acquiring an additional 473 shares in the last quarter. Q3 Asset Management acquired a new stake in shares of Inspire Small/Mid Cap ETF during the 4th quarter valued at about $335,000. Finally, Trust Point Inc. grew its position in shares of Inspire Small/Mid Cap ETF by 3.2% during the 3rd quarter. Trust Point Inc. now owns 16,476 shares of the company’s stock valued at $640,000 after acquiring an additional 504 shares during the period.

Inspire Small/Mid Cap ETF Trading Up 1.6%

ISMD traded up $0.68 during midday trading on Friday, hitting $42.75. 12,233 shares of the company were exchanged, compared to its average volume of 48,050. The company’s 50 day simple moving average is $40.56 and its 200 day simple moving average is $38.93. The firm has a market capitalization of $260.78 million, a price-to-earnings ratio of 16.03 and a beta of 1.08. Inspire Small/Mid Cap ETF has a 1-year low of $29.16 and a 1-year high of $43.15.

Inspire Small/Mid Cap 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 issued a $0.1005 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.40 dividend on an annualized basis and a yield of 0.9%.

About Inspire Small/Mid Cap ETF

The Inspire Small\u002FMid Cap Impact ESG ETF (ISMD) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of 500 small- and mid-cap US stocks that are screened for alignment with biblical values defined by the Issuer. ISMD was launched on Feb 28, 2017 and is managed by Inspire.