Inspire Corporate Bond ETF (NYSEARCA:IBD) Sees Large Decrease in Short Interest

Inspire Corporate Bond ETF (NYSEARCA:IBD) was the recipient of a large drop in short interest in October. As of October 30th, there was short interest totaling 20,949 shares, a drop of 66.7% from the October 15th total of 62,830 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 169,011 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Harbour Investments Inc. bought a new stake in shares of Inspire Corporate Bond ETF during the third quarter worth $666,000. Hanson & Doremus Investment Management acquired a new position in shares of Inspire Corporate Bond ETF during the third quarter valued at $591,000. RMG Wealth Management LLC bought a new position in Inspire Corporate Bond ETF in the first quarter valued at about $432,000. Sterling Investment Advisors Ltd. bought a new position in Inspire Corporate Bond ETF in the second quarter valued at about $238,000. Finally, Root Financial Partners LLC bought a new position in Inspire Corporate Bond ETF in the third quarter valued at about $100,000.

Inspire Corporate Bond ETF Trading Up 0.2%

Shares of NYSEARCA IBD traded up $0.05 during trading on Friday, reaching $23.11. The company had a trading volume of 19,467 shares, compared to its average volume of 99,461. Inspire Corporate Bond ETF has a 52 week low of $22.50 and a 52 week high of $24.78. The business’s 50 day moving average price is $23.22 and its 200-day moving average price is $23.70.

Inspire Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Wednesday, October 28th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, October 28th. This represents a $1.20 annualized dividend and a yield of 5.2%. This is a positive change from Inspire Corporate Bond ETF’s previous monthly dividend of $0.0820.

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.