Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Short Interest Update

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 40,386 shares, a drop of 35.7% from the August 15th total of 62,788 shares. Based on an average daily volume of 39,835 shares, the short-interest ratio is presently 1.0 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Trading of Inspire Small/Mid Cap ETF

A number of institutional investors have recently made changes to their positions in the company. Creative Financial Designs Inc. ADV raised its stake in Inspire Small/Mid Cap ETF by 12.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 181,514 shares of the company’s stock valued at $7,003,000 after purchasing an additional 19,802 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Inspire Small/Mid Cap ETF by 6.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 35,546 shares of the company’s stock worth $1,421,000 after purchasing an additional 2,254 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Inspire Small/Mid Cap ETF by 29.7% during the first quarter. Nations Financial Group Inc. IA ADV now owns 29,025 shares of the company’s stock worth $1,160,000 after buying an additional 6,642 shares in the last quarter. Cornerstone Financial Management LLC purchased a new stake in shares of Inspire Small/Mid Cap ETF during the fourth quarter worth $952,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of Inspire Small/Mid Cap ETF in the first quarter valued at about $565,000.

Inspire Small/Mid Cap ETF Price Performance

Shares of ISMD stock opened at $47.24 on Friday. Inspire Small/Mid Cap ETF has a 1-year low of $35.81 and a 1-year high of $51.58. The company has a market cap of $283.91 million, a price-to-earnings ratio of 16.03 and a beta of 1.02. The stock has a 50 day simple moving average of $49.15 and a 200-day simple moving average of $46.18.

Inspire Small/Mid Cap ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 26th were issued a dividend of $0.2232 per share. The ex-dividend date of this dividend was Friday, June 26th. This is an increase from Inspire Small/Mid Cap ETF’s previous quarterly dividend of $0.11. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.9%.

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.