Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Sees Large Increase in Short Interest

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 33,267 shares, an increase of 287.4% from the February 12th total of 8,587 shares. Based on an average daily volume of 24,738 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 24,738 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ISMD. Nations Financial Group Inc. IA ADV purchased a new stake in Inspire Small/Mid Cap ETF during the third quarter valued at about $735,000. Strategic Blueprint LLC acquired a new stake in Inspire Small/Mid Cap ETF during the fourth quarter worth about $218,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Inspire Small/Mid Cap ETF by 12.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 181,514 shares of the company’s stock worth $7,003,000 after purchasing an additional 19,802 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Inspire Small/Mid Cap ETF by 14.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 33,292 shares of the company’s stock worth $1,284,000 after purchasing an additional 4,243 shares during the period. Finally, Cornerstone Financial Management LLC acquired a new position in shares of Inspire Small/Mid Cap ETF in the 4th quarter valued at about $952,000.

Inspire Small/Mid Cap ETF Price Performance

ISMD stock traded down $0.62 on Thursday, hitting $39.45. 25,218 shares of the company were exchanged, compared to its average volume of 41,167. The stock has a market capitalization of $240.65 million, a price-to-earnings ratio of 16.03 and a beta of 1.08. Inspire Small/Mid Cap ETF has a twelve month low of $29.16 and a twelve month high of $43.15. The business’s fifty day moving average is $41.51 and its two-hundred day moving average is $39.60.

Inspire Small/Mid Cap ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were paid a dividend of $0.1005 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.40 annualized dividend and a dividend yield of 1.0%.

Inspire Small/Mid Cap ETF Company Profile

The Inspire Small\u002FMid Cap Impact ESG ETF (ISMD) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of 500 small- and mid-cap US stocks that are screened for alignment with biblical values defined by the Issuer. ISMD was launched on Feb 28, 2017 and is managed by Inspire.