Inspire Corporate Bond ETF (NYSEARCA:IBD) Stock Short Interest Report for October

Inspire Corporate Bond ETF (NYSEARCA:IBD) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 62,830 shares, a growth of 95.7% from the September 30th total of 32,109 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 130,228 shares, the short-interest ratio is currently 0.5 days.

Inspire Corporate Bond ETF Price Performance

Shares of IBD stock opened at $23.23 on Friday. The stock has a 50-day moving average of $23.28 and a 200-day moving average of $23.74. Inspire Corporate Bond ETF has a 1-year low of $22.50 and a 1-year high of $24.78.

Inspire Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Wednesday, October 28th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, October 28th. This is a boost from Inspire Corporate Bond ETF’s previous monthly dividend of $0.0820. This represents a $1.20 annualized dividend and a yield of 5.2%.

Institutional Trading of Inspire Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in Inspire Corporate Bond ETF by 2.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 107,607 shares of the company’s stock worth $2,475,000 after purchasing an additional 2,474 shares during the last quarter. Hanson & Doremus Investment Management acquired a new position in shares of Inspire Corporate Bond ETF in the 3rd quarter worth approximately $591,000. RMG Wealth Management LLC acquired a new position in shares of Inspire Corporate Bond ETF in the 1st quarter worth approximately $432,000. Sterling Investment Advisors Ltd. bought a new stake in shares of Inspire Corporate Bond ETF in the 2nd quarter valued at $238,000. Finally, Root Financial Partners LLC bought a new stake in shares of Inspire Corporate Bond ETF in the 1st quarter valued at $118,000.

Inspire Corporate Bond ETF Company Profile

The Inspire Corporate Bond Impact ESG ETF (IBD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an equally weighted index of bonds issued by S&P 500-component companies that meet biblically responsible investing standards according to the Issuer. IBD was launched on Jul 10, 2017 and is managed by Inspire.