Inspire International ETF (NYSEARCA:WWJD) Sees Significant Increase in Short Interest

Inspire International ETF (NYSEARCA:WWJD) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 21,486 shares, an increase of 62.6% from the August 31st total of 13,211 shares. Based on an average daily volume of 40,044 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Inspire International ETF

Several hedge funds have recently bought and sold shares of the business. Nations Financial Group Inc. IA ADV lifted its stake in shares of Inspire International ETF by 23.3% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 50,991 shares of the company’s stock valued at $1,907,000 after purchasing an additional 9,652 shares during the last quarter. Mosaic Family Wealth Partners LLC raised its position in shares of Inspire International ETF by 2.0% in the first quarter. Mosaic Family Wealth Partners LLC now owns 31,603 shares of the company’s stock valued at $1,182,000 after purchasing an additional 617 shares during the period. Cornerstone Financial Management LLC acquired a new position in Inspire International ETF in the 4th quarter valued at $934,000. AdvisorNet Financial Inc grew its stake in Inspire International ETF by 777.9% in the 1st quarter. AdvisorNet Financial Inc now owns 1,949 shares of the company’s stock valued at $73,000 after buying an additional 1,727 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in Inspire International ETF in the 1st quarter worth $32,000.

Inspire International ETF Price Performance

Shares of WWJD traded down $0.39 during mid-day trading on Wednesday, hitting $38.74. The company’s stock had a trading volume of 21,362 shares, compared to its average volume of 60,686. Inspire International ETF has a fifty-two week low of $34.65 and a fifty-two week high of $44.01. The stock has a market capitalization of $555.99 million, a price-to-earnings ratio of 16.38 and a beta of 0.77. The firm has a 50-day moving average price of $40.24 and a 200 day moving average price of $39.20.

Inspire International ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 25th will be paid a dividend of $0.1649 per share. This is a drop from Inspire International ETF’s previous quarterly dividend of $0.5312. This represents a $0.66 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 25th.

About Inspire International ETF

The Inspire International ESG ETF (WWJD) is an exchange-traded fund that is based on the Inspire Global Hope Ex-US index. The fund offers exposure to equity in large firms outside the US, screened for biblical values per the index provider and weighted equally. WWJD was launched on Sep 30, 2019 and is managed by Inspire.