Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Stock Short Interest Declines 80.2%

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) was the recipient of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 21,909 shares, a drop of 80.2% from the October 15th total of 110,846 shares. Based on an average trading volume of 27,192 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the shares of the company are short sold.

Inspire Small/Mid Cap ETF Trading Down 1.4%

Shares of NYSEARCA ISMD traded down $0.64 during mid-day trading on Thursday, hitting $46.53. The company had a trading volume of 10,123 shares, compared to its average volume of 35,156. The company has a market capitalization of $328.04 million, a price-to-earnings ratio of 18.30 and a beta of 1.05. Inspire Small/Mid Cap ETF has a 1 year low of $35.81 and a 1 year high of $51.58. The stock’s 50-day moving average price is $47.03 and its 200-day moving average price is $45.78.

Inspire Small/Mid Cap ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 25th were paid a $0.2293 dividend. The ex-dividend date was Friday, September 25th. This represents a $0.92 annualized dividend and a yield of 2.0%. This is an increase from Inspire Small/Mid Cap ETF’s previous quarterly dividend of $0.2232.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. RMG Wealth Management LLC purchased a new stake in shares of Inspire Small/Mid Cap ETF in the first quarter worth about $565,000. EverSource Wealth Advisors LLC grew its stake in Inspire Small/Mid Cap ETF by 6.8% during the first quarter. EverSource Wealth Advisors LLC now owns 35,546 shares of the company’s stock valued at $1,421,000 after acquiring an additional 2,254 shares in the last quarter. Root Financial Partners LLC bought a new stake in Inspire Small/Mid Cap ETF during the 3rd quarter worth approximately $75,000. Continuum Advisory LLC bought a new stake in Inspire Small/Mid Cap ETF during the 2nd quarter worth approximately $75,000. Finally, Farther Finance Advisors LLC increased its holdings in Inspire Small/Mid Cap ETF by 9.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 14,392 shares of the company’s stock worth $667,000 after acquiring an additional 1,201 shares during the period.

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.