Short Interest in Inspire Global Hope ETF (NYSEARCA:BLES) Expands By 149.0%

Inspire Global Hope ETF (NYSEARCA:BLES) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 12,244 shares, a growth of 149.0% from the January 15th total of 4,917 shares. Based on an average trading volume of 8,663 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 8,663 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On Inspire Global Hope ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Nations Financial Group Inc. IA ADV purchased a new stake in Inspire Global Hope ETF in the 3rd quarter worth approximately $1,318,000. Sound Income Strategies LLC acquired a new stake in shares of Inspire Global Hope ETF during the fourth quarter worth $50,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Inspire Global Hope ETF by 31.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 33,664 shares of the company’s stock worth $1,455,000 after purchasing an additional 8,101 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Inspire Global Hope ETF in the third quarter valued at $823,000. Finally, JPMorgan Chase & Co. increased its stake in Inspire Global Hope ETF by 15.6% in the third quarter. JPMorgan Chase & Co. now owns 19,810 shares of the company’s stock valued at $841,000 after purchasing an additional 2,673 shares during the last quarter.

Inspire Global Hope ETF Stock Performance

Inspire Global Hope ETF stock traded up $0.29 during midday trading on Friday, reaching $46.73. 7,013 shares of the company were exchanged, compared to its average volume of 11,334. The firm’s 50-day simple moving average is $44.53 and its 200-day simple moving average is $43.05. Inspire Global Hope ETF has a 1 year low of $33.30 and a 1 year high of $47.31. The company has a market capitalization of $144.86 million, a price-to-earnings ratio of 18.40 and a beta of 0.98.

Inspire Global Hope ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were issued a dividend of $0.2194 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from Inspire Global Hope ETF’s previous quarterly dividend of $0.16. The ex-dividend date was Wednesday, December 17th.

About Inspire Global Hope ETF

The Inspire Global Hope ESG ETF (BLES) is an exchange-traded fund that mostly invests in large cap equity. The fund follows an equal-weighted index of 400 large-cap stocks selected for their alignment with the Issuer’s biblical values. BLES was launched on Feb 28, 2017 and is managed by Inspire.