Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Short Interest Up 98.3% in June

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 110,717 shares, a growth of 98.3% from the June 15th total of 55,835 shares. Based on an average daily trading volume, of 21,836 shares, the days-to-cover ratio is currently 5.1 days. Currently, 1.6% of the company’s shares are short sold.

Hedge Funds Weigh In On Inspire Small/Mid Cap ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in shares of Inspire Small/Mid Cap ETF in the 4th quarter worth about $35,000. AdvisorNet Financial Inc purchased a new stake in Inspire Small/Mid Cap ETF in the first quarter worth about $46,000. Root Financial Partners LLC bought a new position in shares of Inspire Small/Mid Cap ETF during the first quarter valued at approximately $66,000. Strategic Blueprint LLC purchased a new position in shares of Inspire Small/Mid Cap ETF during the fourth quarter valued at approximately $218,000. Finally, Mosaic Family Wealth Partners LLC boosted its position in shares of Inspire Small/Mid Cap ETF by 3.9% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 7,694 shares of the company’s stock worth $297,000 after purchasing an additional 290 shares in the last quarter.

Inspire Small/Mid Cap ETF Price Performance

Shares of ISMD opened at $49.30 on Thursday. Inspire Small/Mid Cap ETF has a one year low of $34.67 and a one year high of $50.48. The firm has a market capitalization of $330.31 million, a PE ratio of 16.03 and a beta of 1.02. The company has a 50-day simple moving average of $47.50 and a two-hundred day simple moving average of $43.64.

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.