Short Interest in Inspire Corporate Bond ETF (NYSEARCA:IBD) Expands By 129.8%

Inspire Corporate Bond ETF (NYSEARCA:IBD) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 41,086 shares, an increase of 129.8% from the July 30th total of 17,877 shares. Based on an average trading volume of 75,550 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Inspire Corporate Bond ETF

Several hedge funds have recently modified their holdings of the company. Advisory Services Network LLC boosted its holdings in shares of Inspire Corporate Bond ETF by 14.3% in the 4th quarter. Advisory Services Network LLC now owns 8,634 shares of the company’s stock valued at $209,000 after purchasing an additional 1,077 shares during the last quarter. Vicus Capital increased its holdings in shares of Inspire Corporate Bond ETF by 1.9% during the 1st quarter. Vicus Capital now owns 84,925 shares of the company’s stock worth $2,026,000 after buying an additional 1,576 shares during the last quarter. AdvisorNet Financial Inc raised its position in shares of Inspire Corporate Bond ETF by 6,054.1% in the 1st quarter. AdvisorNet Financial Inc now owns 2,277 shares of the company’s stock worth $54,000 after buying an additional 2,240 shares during the period. Continuum Advisory LLC purchased a new position in shares of Inspire Corporate Bond ETF in the 2nd quarter worth $56,000. Finally, Root Financial Partners LLC acquired a new position in Inspire Corporate Bond ETF in the first quarter valued at $118,000.

Inspire Corporate Bond ETF Stock Down 0.3%

Shares of IBD traded down $0.07 during trading hours on Friday, reaching $23.55. 85,611 shares of the company traded hands, compared to its average volume of 97,887. Inspire Corporate Bond ETF has a fifty-two week low of $22.94 and a fifty-two week high of $24.78. The stock has a fifty day simple moving average of $23.68 and a 200 day simple moving average of $23.85.

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.