Inspire International ETF (NYSEARCA:WWJD) Sees Significant Increase in Short Interest

Inspire International ETF (NYSEARCA:WWJD) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 21,486 shares, an increase of 62.6% from the August 31st total of 13,211 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 40,044 shares, the days-to-cover ratio is presently 0.5 days.

Inspire International ETF Price Performance

NYSEARCA WWJD opened at $38.19 on Friday. Inspire International ETF has a 1-year low of $34.65 and a 1-year high of $44.01. The stock has a 50-day moving average of $40.23 and a two-hundred day moving average of $39.22. The company has a market cap of $548.03 million, a P/E ratio of 16.38 and a beta of 0.77.

Inspire International ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Friday, September 25th were paid a $0.1649 dividend. This is a drop from Inspire International ETF’s previous quarterly dividend of $0.5312. The ex-dividend date was Friday, September 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.7%.

Hedge Funds Weigh In On Inspire International ETF

Hedge funds have recently bought and sold shares of the company. Mosaic Family Wealth Partners LLC grew its stake in Inspire International ETF by 2.0% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 31,603 shares of the company’s stock worth $1,182,000 after acquiring an additional 617 shares during the period. Root Financial Partners LLC purchased a new position in shares of Inspire International ETF in the 1st quarter valued at $32,000. AdvisorNet Financial Inc grew its stake in shares of Inspire International ETF by 777.9% in the first quarter. AdvisorNet Financial Inc now owns 1,949 shares of the company’s stock valued at $73,000 after buying an additional 1,727 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of Inspire International ETF by 23.3% during the first quarter. Nations Financial Group Inc. IA ADV now owns 50,991 shares of the company’s stock valued at $1,907,000 after purchasing an additional 9,652 shares during the period. Finally, Cornerstone Financial Management LLC purchased a new stake in Inspire International ETF during the 4th quarter worth $934,000.

Inspire International ETF Company Profile

The Inspire International ESG ETF (WWJD) is an exchange-traded fund that is based on the Inspire Global Hope Ex-US index. The fund offers exposure to equity in large firms outside the US, screened for biblical values per the index provider and weighted equally. WWJD was launched on Sep 30, 2019 and is managed by Inspire.