Inspire Corporate Bond ETF (NYSEARCA:IBD) Short Interest Update

Inspire Corporate Bond ETF (NYSEARCA:IBD) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 112,811 shares, an increase of 118.0% from the May 31st total of 51,755 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 52,864 shares, the short-interest ratio is currently 2.1 days.

Institutional Investors Weigh In On Inspire Corporate Bond ETF

A number of hedge funds have recently modified their holdings of the stock. AdvisorNet Financial Inc lifted its stake in Inspire Corporate Bond ETF by 6,054.1% in the first quarter. AdvisorNet Financial Inc now owns 2,277 shares of the company’s stock valued at $54,000 after purchasing an additional 2,240 shares during the last quarter. Root Financial Partners LLC bought a new position in Inspire Corporate Bond ETF during the first quarter valued at $118,000. Advisory Services Network LLC increased its position in Inspire Corporate Bond ETF by 14.3% in the fourth quarter. Advisory Services Network LLC now owns 8,634 shares of the company’s stock worth $209,000 after buying an additional 1,077 shares during the last quarter. PVG Asset Management Corp increased its position in Inspire Corporate Bond ETF by 20.7% in the fourth quarter. PVG Asset Management Corp now owns 11,071 shares of the company’s stock worth $268,000 after buying an additional 1,900 shares during the last quarter. Finally, RMG Wealth Management LLC purchased a new stake in Inspire Corporate Bond ETF in the first quarter worth $432,000.

Inspire Corporate Bond ETF Trading Up 0.4%

IBD opened at $23.88 on Tuesday. Inspire Corporate Bond ETF has a twelve month low of $23.51 and a twelve month high of $24.85. The company’s 50-day moving average price is $23.83 and its two-hundred day moving average price is $24.00.

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.