Inspire Corporate Bond ETF (NYSEARCA:IBD) Shares Shorted: Short Interest Up 95.7% in October

Inspire Corporate Bond ETF (NYSEARCA:IBD) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 62,830 shares, a growth of 95.7% from the September 30th total of 32,109 shares. Based on an average trading volume of 130,228 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Inspire Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Hanson & Doremus Investment Management acquired a new stake in shares of Inspire Corporate Bond ETF in the third quarter valued at approximately $591,000. RMG Wealth Management LLC purchased a new position in Inspire Corporate Bond ETF during the first quarter worth $432,000. Sterling Investment Advisors Ltd. purchased a new position in Inspire Corporate Bond ETF during the second quarter worth $238,000. Root Financial Partners LLC acquired a new position in shares of Inspire Corporate Bond ETF in the first quarter worth $118,000. Finally, Farther Finance Advisors LLC raised its stake in Inspire Corporate Bond ETF by 2.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 107,607 shares of the company’s stock valued at $2,475,000 after purchasing an additional 2,474 shares during the last quarter.

Inspire Corporate Bond ETF Stock Up 0.2%

Shares of IBD stock traded up $0.05 during mid-day trading on Monday, hitting $23.28. The stock had a trading volume of 43,569 shares, compared to its average volume of 100,546. The company’s 50-day simple moving average is $23.28 and its 200-day simple moving average is $23.74. Inspire Corporate Bond ETF has a fifty-two week low of $22.50 and a fifty-two week high of $24.78.

Inspire Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, October 28th will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.2%. This is a boost from Inspire Corporate Bond ETF’s previous monthly dividend of $0.0820. The ex-dividend date of this dividend is Wednesday, October 28th.

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.