Inspire Corporate Bond ETF (NYSEARCA:IBD) Short Interest Up 118.0% in June

Inspire Corporate Bond ETF (NYSEARCA:IBD) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 112,811 shares, a growth of 118.0% from the May 31st total of 51,755 shares. Based on an average daily trading volume, of 52,864 shares, the short-interest ratio is presently 2.1 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Investors Weigh In On Inspire Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBD. AdvisorNet Financial Inc lifted its stake in shares of Inspire Corporate Bond ETF by 6,054.1% in the 1st quarter. AdvisorNet Financial Inc now owns 2,277 shares of the company’s stock valued at $54,000 after purchasing an additional 2,240 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Inspire Corporate Bond ETF during the 1st quarter worth approximately $118,000. Advisory Services Network LLC raised its holdings in Inspire Corporate Bond ETF by 14.3% in the fourth quarter. Advisory Services Network LLC now owns 8,634 shares of the company’s stock valued at $209,000 after buying an additional 1,077 shares during the period. PVG Asset Management Corp raised its holdings in Inspire Corporate Bond ETF by 20.7% in the fourth quarter. PVG Asset Management Corp now owns 11,071 shares of the company’s stock valued at $268,000 after buying an additional 1,900 shares during the period. Finally, RMG Wealth Management LLC acquired a new position in Inspire Corporate Bond ETF during the first quarter valued at approximately $432,000.

Inspire Corporate Bond ETF Price Performance

Shares of IBD stock remained flat at $23.77 on Wednesday. The stock had a trading volume of 293,535 shares, compared to its average volume of 103,380. The stock’s fifty day moving average price is $23.83 and its 200 day moving average price is $23.99. Inspire Corporate Bond ETF has a 1-year low of $23.51 and a 1-year high of $24.85.

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.