Short Interest in Inspire Corporate Bond ETF (NYSEARCA:IBD) Declines By 34.5%

Inspire Corporate Bond ETF (NYSEARCA:IBD) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 18,268 shares, a decrease of 34.5% from the November 30th total of 27,909 shares. Based on an average daily volume of 61,301 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 61,301 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Inspire Corporate Bond ETF

Several large investors have recently modified their holdings of IBD. Hanson & Doremus Investment Management bought a new stake in Inspire Corporate Bond ETF in the third quarter valued at about $156,000. RMG Wealth Management LLC acquired a new position in shares of Inspire Corporate Bond ETF in the 2nd quarter worth approximately $372,000. OLD Mission Capital LLC bought a new stake in shares of Inspire Corporate Bond ETF in the 1st quarter valued at approximately $404,000. Nations Financial Group Inc. IA ADV raised its position in shares of Inspire Corporate Bond ETF by 499.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 54,968 shares of the company’s stock valued at $1,328,000 after acquiring an additional 45,794 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in Inspire Corporate Bond ETF by 29,004.0% during the second quarter. IFP Advisors Inc now owns 58,790 shares of the company’s stock worth $1,412,000 after purchasing an additional 58,588 shares during the last quarter.

Inspire Corporate Bond ETF Price Performance

IBD stock opened at $24.19 on Friday. Inspire Corporate Bond ETF has a twelve month low of $22.84 and a twelve month high of $24.85. The firm has a 50 day simple moving average of $24.17 and a 200-day simple moving average of $24.10.

Inspire Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were issued a dividend of $0.121 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a c) annualized dividend and a yield of 6.0%. This is an increase from Inspire Corporate Bond ETF’s previous monthly dividend of $0.07.

About Inspire Corporate Bond ETF

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.