Short Interest in Inspire 500 ETF (NYSEARCA:PTL) Expands By 35.9%

Inspire 500 ETF (NYSEARCA:PTL) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 13,984 shares, an increase of 35.9% from the February 26th total of 10,289 shares. Based on an average trading volume of 17,923 shares, the short-interest ratio is presently 0.8 days. Approximately 0.5% of the shares of the company are short sold.

Inspire 500 ETF Stock Down 1.1%

Shares of NYSEARCA:PTL traded down $2.82 during trading on Monday, hitting $243.41. 44,367 shares of the company traded hands, compared to its average volume of 18,494. The business’s fifty day moving average is $257.82 and its 200-day moving average is $253.03. The stock has a market capitalization of $620.70 million, a price-to-earnings 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 $269.00.

Institutional Investors Weigh In On Inspire 500 ETF

Large investors have recently added to or reduced their stakes in the stock. RMG Wealth Management LLC acquired a new position in shares of Inspire 500 ETF during the third quarter valued at $701,000. Nations Financial Group Inc. IA ADV increased its holdings in shares of Inspire 500 ETF by 669.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 14,436 shares of the company’s stock worth $3,598,000 after acquiring an additional 12,559 shares during the period. Strategic Blueprint LLC bought a new stake in Inspire 500 ETF in the 3rd quarter valued at about $205,000. Fiduciary Alliance LLC bought a new stake in Inspire 500 ETF in the 3rd quarter valued at about $355,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Inspire 500 ETF by 1,907.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 281 shares of the company’s stock valued at $70,000 after purchasing an additional 267 shares during the period.

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.