Inspire Corporate Bond ETF (NYSEARCA:IBD – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 23,547 shares, a decline of 76.6% from the June 30th total of 100,839 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 101,813 shares, the days-to-cover ratio is currently 0.2 days.
Inspire Corporate Bond ETF Stock Performance
NYSEARCA:IBD traded down $0.01 during midday trading on Friday, hitting $23.57. 136,143 shares of the company traded hands, compared to its average volume of 101,253. The firm’s fifty day moving average is $23.76 and its 200-day moving average is $23.94. Inspire Corporate Bond ETF has a 12-month low of $22.94 and a 12-month high of $24.85.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of IBD. RMG Wealth Management LLC purchased a new stake in shares of Inspire Corporate Bond ETF in the first quarter valued at $432,000. Root Financial Partners LLC purchased a new position in shares of Inspire Corporate Bond ETF during the 1st quarter worth about $118,000. Vicus Capital boosted its stake in shares of Inspire Corporate Bond ETF by 1.9% during the 1st quarter. Vicus Capital now owns 84,925 shares of the company’s stock worth $2,026,000 after purchasing an additional 1,576 shares during the period. AdvisorNet Financial Inc grew its holdings in Inspire Corporate Bond ETF by 6,054.1% during 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 during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its holdings in Inspire Corporate Bond ETF by 15.8% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 75,819 shares of the company’s stock valued at $1,809,000 after purchasing an additional 10,344 shares during the last quarter.
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.
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