Inspire 500 ETF (NYSEARCA:PTL) Short Interest Up 269.9% in December

Inspire 500 ETF (NYSEARCA:PTL) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 8,020 shares, an increase of 269.9% from the November 30th total of 2,168 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 17,483 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 17,483 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the company’s shares are sold short.

Inspire 500 ETF Stock Performance

Shares of NYSEARCA:PTL traded down $0.28 during midday trading on Friday, hitting $251.78. 6,752 shares of the company’s stock traded hands, compared to its average volume of 11,670. Inspire 500 ETF has a twelve month low of $177.91 and a twelve month high of $259.78. The firm’s fifty day moving average price is $250.05 and its two-hundred day moving average price is $242.87. The company has a market cap of $528.74 million, a PE ratio of 25.14 and a beta of 1.05.

Inspire 500 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 17th were paid a $0.7576 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $3.03 dividend on an annualized basis and a yield of 1.2%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PTL. Sterling Investment Advisors Ltd. grew its position in Inspire 500 ETF by 25.5% in the second quarter. Sterling Investment Advisors Ltd. now owns 3,075 shares of the company’s stock worth $705,000 after acquiring an additional 625 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Inspire 500 ETF by 851.8% in the second quarter. IFP Advisors Inc now owns 3,493 shares of the company’s stock worth $801,000 after acquiring an additional 3,126 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in Inspire 500 ETF by 43.7% during the second quarter. Creative Financial Designs Inc. ADV now owns 7,597 shares of the company’s stock worth $1,742,000 after acquiring an additional 2,309 shares during the period. GPS Wealth Strategies Group LLC raised its stake in Inspire 500 ETF by 896.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 249 shares of the company’s stock valued at $57,000 after purchasing an additional 224 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC raised its stake in Inspire 500 ETF by 6.1% during the 2nd quarter. Mosaic Family Wealth Partners LLC now owns 2,388 shares of the company’s stock valued at $548,000 after purchasing an additional 138 shares during the last quarter.

About Inspire 500 ETF

The Inspire 500 ETF (PTL) is an exchange-traded fund that is based on the Inspire 500 index, a market-cap-weighted index of 500 large-cap US stocks, selected based on the issuers proprietary criteria of biblical values.