Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Shares Shorted: Short Interest Up 124.1% in October

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 110,846 shares, an increase of 124.1% from the September 30th total of 49,468 shares. Based on an average daily trading volume, of 36,514 shares, the days-to-cover ratio is currently 3.0 days. Approximately 1.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ISMD. Root Financial Partners LLC acquired a new position in Inspire Small/Mid Cap ETF in the 3rd quarter valued at approximately $75,000. Farther Finance Advisors LLC increased its holdings in Inspire Small/Mid Cap ETF by 9.1% in the third quarter. Farther Finance Advisors LLC now owns 14,392 shares of the company’s stock valued at $667,000 after purchasing an additional 1,201 shares during the period. Continuum Advisory LLC bought a new position in Inspire Small/Mid Cap ETF during the 2nd quarter worth $75,000. EverSource Wealth Advisors LLC raised its position 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. Finally, RMG Wealth Management LLC acquired a new position in Inspire Small/Mid Cap ETF during the 1st quarter worth about $565,000.

Inspire Small/Mid Cap ETF Price Performance

ISMD stock traded down $0.64 during trading on Friday, reaching $46.88. 35,594 shares of the company were exchanged, compared to its average volume of 35,754. The company has a 50-day moving average of $47.37 and a two-hundred day moving average of $45.57. The company has a market capitalization of $328.16 million, a price-to-earnings ratio of 16.03 and a beta of 1.04. Inspire Small/Mid Cap ETF has a twelve month low of $35.81 and a twelve month high of $51.58.

Inspire Small/Mid Cap ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Friday, September 25th were paid a dividend of $0.2293 per share. The ex-dividend date of this dividend was Friday, September 25th. This is a positive change from Inspire Small/Mid Cap ETF’s previous quarterly dividend of $0.2232. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.0%.

Inspire Small/Mid Cap ETF Company Profile

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.