Inspire Corporate Bond ETF (NYSEARCA:IBD) Short Interest Down 76.6% in July

Inspire Corporate Bond ETF (NYSEARCA:IBD) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 23,547 shares, a drop of 76.6% from the June 30th total of 100,839 shares. Based on an average daily volume of 101,813 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Inspire Corporate Bond ETF Stock Up 0.1%

Shares of IBD stock traded up $0.03 on Monday, hitting $23.60. 100,868 shares of the stock were exchanged, compared to its average volume of 101,250. Inspire Corporate Bond ETF has a fifty-two week low of $22.94 and a fifty-two week high of $24.85. The business has a 50-day moving average of $23.76 and a 200 day moving average of $23.94.

Institutional Trading of Inspire Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. AdvisorNet Financial Inc grew its stake in Inspire Corporate Bond ETF by 6,054.1% in the first quarter. AdvisorNet Financial Inc now owns 2,277 shares of the company’s stock valued at $54,000 after purchasing an additional 2,240 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Inspire Corporate Bond ETF during the 1st quarter worth approximately $118,000. Advisory Services Network LLC raised its stake in shares of Inspire Corporate Bond ETF by 14.3% during the 4th quarter. Advisory Services Network LLC now owns 8,634 shares of the company’s stock worth $209,000 after purchasing an additional 1,077 shares in the last quarter. PVG Asset Management Corp boosted its holdings in shares of Inspire Corporate Bond ETF by 20.7% in the 4th quarter. PVG Asset Management Corp now owns 11,071 shares of the company’s stock valued at $268,000 after buying an additional 1,900 shares during the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in shares of Inspire Corporate Bond ETF in the 1st quarter valued at approximately $432,000.

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.