Short Interest in Inspire Corporate Bond ETF (NYSEARCA:IBD) Decreases By 71.0%

Inspire Corporate Bond ETF (NYSEARCA:IBD) was the target of a significant decline in short interest in February. As of February 13th, there was short interest totaling 8,953 shares, a decline of 71.0% from the January 29th total of 30,886 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 58,398 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 58,398 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Trading of Inspire Corporate Bond ETF

Institutional investors have recently modified their holdings of the business. Creative Financial Designs Inc. ADV raised its position in Inspire Corporate Bond ETF by 33.6% in the second quarter. Creative Financial Designs Inc. ADV now owns 899,262 shares of the company’s stock worth $21,591,000 after acquiring an additional 225,994 shares in the last quarter. Cornerstone Financial Management LLC purchased a new position in shares of Inspire Corporate Bond ETF in the 4th quarter valued at about $1,404,000. Nations Financial Group Inc. IA ADV increased its holdings in shares of Inspire Corporate Bond ETF by 499.2% in 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 purchasing an additional 45,794 shares in the last quarter. Bare Financial Services Inc grew its position in Inspire Corporate Bond ETF by 6.0% during the fourth quarter. Bare Financial Services Inc now owns 714,733 shares of the company’s stock worth $17,297,000 after buying an additional 40,763 shares during the period. Finally, United Capital Financial Advisors LLC boosted its position in Inspire Corporate Bond ETF by 21.3% during the third quarter. United Capital Financial Advisors LLC now owns 147,391 shares of the company’s stock worth $3,559,000 after purchasing an additional 25,850 shares in the last quarter.

Inspire Corporate Bond ETF Price Performance

Shares of Inspire Corporate Bond ETF stock remained flat at $24.24 on Friday. 23,522 shares of the stock were exchanged, compared to its average volume of 85,134. Inspire Corporate Bond ETF has a twelve month low of $22.84 and a twelve month high of $24.85. The stock’s fifty day simple moving average is $24.17 and its two-hundred day simple moving average is $24.18.

Inspire Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 24th will be given a dividend of $0.0779 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, February 24th. This is a positive change from Inspire Corporate Bond ETF’s previous monthly dividend of $0.06.

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.