Inspire 500 ETF (NYSEARCA:PTL – Get Free Report) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 12,908 shares, a growth of 612.0% from the March 31st total of 1,813 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 24,741 shares, the short-interest ratio is currently 0.5 days.
Institutional Investors Weigh In On Inspire 500 ETF
Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Inspire 500 ETF by 1,907.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 281 shares of the company’s stock valued at $70,000 after buying an additional 267 shares during the period. AdvisorNet Financial Inc boosted its stake in shares of Inspire 500 ETF by 1,173.1% during the 1st quarter. AdvisorNet Financial Inc now owns 331 shares of the company’s stock valued at $83,000 after buying an additional 305 shares during the period. Strategic Blueprint LLC acquired a new stake in shares of Inspire 500 ETF during the 3rd quarter valued at $205,000. Mosaic Family Wealth Partners LLC boosted its stake in shares of Inspire 500 ETF by 6.2% during the 3rd quarter. Mosaic Family Wealth Partners LLC now owns 2,536 shares of the company’s stock valued at $630,000 after buying an additional 148 shares during the period. Finally, RMG Wealth Management LLC acquired a new stake in shares of Inspire 500 ETF during the 3rd quarter valued at $701,000.
Inspire 500 ETF Stock Up 0.1%
Shares of NYSEARCA:PTL traded up $0.27 during trading on Friday, reaching $276.93. 36,948 shares of the company traded hands, compared to its average volume of 20,195. The firm has a fifty day simple moving average of $259.46 and a 200 day simple moving average of $254.75. The firm has a market cap of $789.25 million, a P/E ratio of 25.14 and a beta of 0.99. Inspire 500 ETF has a 1-year low of $202.86 and a 1-year high of $277.95.
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.
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