Inspire Global Hope ETF (NYSEARCA:BLES) Sees Significant Decrease in Short Interest

Inspire Global Hope ETF (NYSEARCA:BLES) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 4,917 shares, a decline of 71.1% from the December 31st total of 17,002 shares. Based on an average trading volume of 11,301 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 11,301 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Inspire Global Hope ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Nations Financial Group Inc. IA ADV acquired a new position in Inspire Global Hope ETF in the 3rd quarter worth approximately $1,318,000. Flow Traders U.S. LLC acquired a new stake in shares of Inspire Global Hope ETF in the third quarter worth $823,000. JPMorgan Chase & Co. grew its holdings in shares of Inspire Global Hope ETF by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 19,810 shares of the company’s stock valued at $841,000 after buying an additional 2,673 shares in the last quarter. Sound Income Strategies LLC acquired a new position in Inspire Global Hope ETF during the fourth quarter valued at $50,000. Finally, Vicus Capital lifted its stake in Inspire Global Hope ETF by 8.3% in the 2nd quarter. Vicus Capital now owns 14,051 shares of the company’s stock worth $571,000 after acquiring an additional 1,078 shares in the last quarter.

Inspire Global Hope ETF Stock Performance

Shares of NYSEARCA:BLES traded down $0.08 during trading hours on Wednesday, hitting $45.62. 9,414 shares of the company’s stock traded hands, compared to its average volume of 9,995. The company’s fifty day simple moving average is $43.73 and its two-hundred day simple moving average is $42.67. The company has a market cap of $141.42 million, a price-to-earnings ratio of 18.40 and a beta of 0.98. Inspire Global Hope ETF has a 52 week low of $33.30 and a 52 week high of $45.78.

Inspire Global Hope ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were given a $0.2194 dividend. This represents a $0.88 annualized dividend and a yield of 1.9%. This is a positive change from Inspire Global Hope ETF’s previous quarterly dividend of $0.16. The ex-dividend date was Wednesday, December 17th.

Inspire Global Hope ETF Company Profile

The Inspire Global Hope ESG ETF (BLES) is an exchange-traded fund that mostly invests in large cap equity. The fund follows an equal-weighted index of 400 large-cap stocks selected for their alignment with the Issuer’s biblical values. BLES was launched on Feb 28, 2017 and is managed by Inspire.