Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Shares Shorted: Short Interest Down 80.2% in October

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) was the recipient of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 21,909 shares, a decrease of 80.2% from the October 15th total of 110,846 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 27,192 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of Inspire Small/Mid Cap ETF

Several institutional investors and hedge funds have recently modified their holdings of ISMD. RMG Wealth Management LLC bought a new stake in shares of Inspire Small/Mid Cap ETF during the 1st quarter valued at about $565,000. EverSource Wealth Advisors LLC grew its holdings in shares of Inspire Small/Mid Cap ETF by 6.8% during the first quarter. EverSource Wealth Advisors LLC now owns 35,546 shares of the company’s stock worth $1,421,000 after purchasing an additional 2,254 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Inspire Small/Mid Cap ETF in the third quarter worth approximately $75,000. Continuum Advisory LLC bought a new position in shares of Inspire Small/Mid Cap ETF in the second quarter worth approximately $75,000. Finally, Farther Finance Advisors LLC increased its position in shares of Inspire Small/Mid Cap ETF by 9.1% in the third quarter. Farther Finance Advisors LLC now owns 14,392 shares of the company’s stock worth $667,000 after purchasing an additional 1,201 shares during the last quarter.

Inspire Small/Mid Cap ETF Stock Down 1.4%

Shares of ISMD stock traded down $0.64 on Thursday, reaching $46.53. The company’s stock had a trading volume of 10,123 shares, compared to its average volume of 35,156. The company has a market capitalization of $328.04 million, a P/E ratio of 18.30 and a beta of 1.05. Inspire Small/Mid Cap ETF has a 12-month low of $35.81 and a 12-month high of $51.58. The stock’s 50 day simple moving average is $47.03 and its 200-day simple moving average is $45.78.

Inspire Small/Mid Cap ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 25th were paid a $0.2293 dividend. The ex-dividend date was Friday, September 25th. This represents a $0.92 dividend on an annualized basis and a yield of 2.0%. This is an increase from Inspire Small/Mid Cap ETF’s previous quarterly dividend of $0.2232.

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.