Inspire 500 ETF (NYSEARCA:PTL) Short Interest Down 27.0% in September

Inspire 500 ETF (NYSEARCA:PTL) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 5,400 shares, a drop of 27.0% from the August 31st total of 7,400 shares. Based on an average trading volume of 12,200 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 12,200 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. GPS Wealth Strategies Group LLC increased its holdings in shares of Inspire 500 ETF by 896.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 249 shares of the company’s stock valued at $57,000 after purchasing an additional 224 shares during the period. Mosaic Family Wealth Partners LLC increased its position in Inspire 500 ETF by 139.9% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 2,250 shares of the company’s stock worth $462,000 after purchasing an additional 1,312 shares during the last quarter. Sterling Investment Advisors Ltd. bought a new stake in Inspire 500 ETF in the first quarter worth approximately $503,000. IFP Advisors Inc raised its stake in shares of Inspire 500 ETF by 851.8% in the 2nd quarter. IFP Advisors Inc now owns 3,493 shares of the company’s stock valued at $801,000 after acquiring an additional 3,126 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Inspire 500 ETF by 43.7% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 5,288 shares of the company’s stock worth $1,087,000 after acquiring an additional 1,607 shares during the period.

Inspire 500 ETF Stock Performance

Shares of NYSEARCA:PTL opened at $251.48 on Tuesday. Inspire 500 ETF has a 1-year low of $177.91 and a 1-year high of $253.06. The company’s fifty day moving average is $243.39 and its two-hundred day moving average is $225.90. The stock has a market capitalization of $497.93 million, a price-to-earnings ratio of 25.14 and a beta of 1.19.

Inspire 500 ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 26th were issued a dividend of $0.7686 per share. This represents a $3.07 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, September 26th.

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.