Inspire 500 ETF (NYSEARCA:PTL) Short Interest Update

Inspire 500 ETF (NYSEARCA:PTL) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 26,646 shares, a growth of 363.3% from the June 15th total of 5,751 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 59,181 shares, the days-to-cover ratio is presently 0.5 days.

Inspire 500 ETF Stock Down 1.1%

PTL traded down $3.00 during trading on Monday, hitting $280.83. 17,167 shares of the stock were exchanged, compared to its average volume of 29,385. Inspire 500 ETF has a 1-year low of $230.00 and a 1-year high of $293.22. The stock has a fifty day moving average price of $281.87 and a two-hundred day moving average price of $267.00. The firm has a market capitalization of $876.19 million, a P/E ratio of 25.14 and a beta of 0.97.

Hedge Funds Weigh In On Inspire 500 ETF

A number of hedge funds have recently modified their holdings of PTL. AdvisorNet Financial Inc raised its stake in Inspire 500 ETF by 1,173.1% during the 1st quarter. AdvisorNet Financial Inc now owns 331 shares of the company’s stock valued at $83,000 after acquiring an additional 305 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Inspire 500 ETF in the 1st quarter valued at approximately $93,000. Strategic Blueprint LLC increased its holdings in shares of Inspire 500 ETF by 47.6% in the fourth quarter. Strategic Blueprint LLC now owns 1,216 shares of the company’s stock valued at $302,000 after purchasing an additional 392 shares during the period. Mosaic Family Wealth Partners LLC increased its holdings in shares of Inspire 500 ETF by 2.6% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 2,602 shares of the company’s stock valued at $646,000 after purchasing an additional 66 shares during the period. Finally, RMG Wealth Management LLC purchased a new stake in shares of Inspire 500 ETF during the first quarter worth approximately $823,000.

Inspire 500 ETF Company Profile

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.