Inspire 500 ETF (NYSEARCA:PTL) Short Interest Up 98.6% in August

Inspire 500 ETF (NYSEARCA:PTL) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 10,399 shares, an increase of 98.6% from the July 30th total of 5,237 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 14,972 shares, the days-to-cover ratio is presently 0.7 days.

Inspire 500 ETF Stock Performance

Shares of NYSEARCA:PTL opened at $282.18 on Tuesday. Inspire 500 ETF has a 1 year low of $237.41 and a 1 year high of $293.22. The stock has a market capitalization of $880.40 million, a P/E ratio of 25.14 and a beta of 0.98. The stock has a 50-day simple moving average of $283.13 and a 200-day simple moving average of $273.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mosaic Family Wealth Partners LLC grew its stake in Inspire 500 ETF by 2.6% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 2,602 shares of the company’s stock worth $646,000 after buying an additional 66 shares during the period. AdvisorNet Financial Inc raised its stake in shares of Inspire 500 ETF by 1,173.1% in the 1st quarter. AdvisorNet Financial Inc now owns 331 shares of the company’s stock valued at $83,000 after acquiring an additional 305 shares during the period. Root Financial Partners LLC acquired a new position in shares of Inspire 500 ETF during the 1st quarter valued at $93,000. Strategic Blueprint LLC lifted its holdings in shares of Inspire 500 ETF by 47.6% during the 4th quarter. Strategic Blueprint LLC now owns 1,216 shares of the company’s stock valued at $302,000 after acquiring an additional 392 shares in the last quarter. Finally, Fiduciary Alliance LLC boosted its position in Inspire 500 ETF by 60.8% during the 1st quarter. Fiduciary Alliance LLC now owns 7,261 shares of the company’s stock worth $1,949,000 after purchasing an additional 2,746 shares during the period.

About Inspire 500 ETF

The Inspire 500 ETF (PTL) is an exchange-traded fund that is based on the Inspire 500 index, a market-cap-weighted index of 500 large-cap US stocks, selected based on the issuers proprietary criteria of biblical values.