Inspire 500 ETF (NYSEARCA:PTL – Get Free Report) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 8,023 shares, a drop of 43.6% from the May 14th total of 14,218 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 29,187 shares, the days-to-cover ratio is currently 0.3 days.
Inspire 500 ETF Stock Performance
Shares of NYSEARCA PTL opened at $282.88 on Friday. The stock has a market cap of $814.69 million, a PE ratio of 25.14 and a beta of 0.98. The business has a fifty day moving average of $275.24 and a two-hundred day moving average of $262.27. Inspire 500 ETF has a 52-week low of $222.60 and a 52-week high of $293.22.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its holdings in shares of Inspire 500 ETF by 233.3% in the first quarter. EverSource Wealth Advisors LLC now owns 23,454 shares of the company’s stock valued at $5,877,000 after buying an additional 16,417 shares during the last quarter. RMG Wealth Management LLC bought a new position in shares of Inspire 500 ETF in the first quarter valued at about $823,000. Root Financial Partners LLC bought a new position in shares of Inspire 500 ETF in the first quarter valued at about $93,000. Vicus Capital bought a new position in shares of Inspire 500 ETF in the first quarter valued at about $1,367,000. Finally, Fiduciary Alliance LLC raised its holdings in shares of Inspire 500 ETF by 60.8% in the first quarter. Fiduciary Alliance LLC now owns 7,261 shares of the company’s stock valued at $1,949,000 after buying an additional 2,746 shares during the last quarter.
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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