Inspire 500 ETF (NYSEARCA:PTL) Short Interest Update

Inspire 500 ETF (NYSEARCA:PTL) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 5,094 shares, a drop of 64.5% from the August 31st total of 14,369 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 11,060 shares, the short-interest ratio is presently 0.5 days.

Inspire 500 ETF Trading Down 0.2%

PTL stock traded down $0.51 during midday trading on Tuesday, hitting $273.19. The company’s stock had a trading volume of 25,617 shares, compared to its average volume of 25,579. The firm’s 50-day moving average is $281.16 and its 200-day moving average is $276.02. Inspire 500 ETF has a 12 month low of $237.41 and a 12 month high of $293.22. The company has a market cap of $874.20 million, a PE ratio of 25.14 and a beta of 0.98.

Inspire 500 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 25th will be given a dividend of $0.0832 per share. This represents a $0.33 annualized dividend and a dividend yield of 0.1%. This is a drop from Inspire 500 ETF’s previous quarterly dividend of $0.8158. The ex-dividend date of this dividend is Friday, September 25th.

Institutional Investors Weigh In On Inspire 500 ETF

Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC bought a new position in Inspire 500 ETF during the 2nd quarter valued at about $92,000. EverSource Wealth Advisors LLC raised its holdings in shares of Inspire 500 ETF by 233.3% during the first quarter. EverSource Wealth Advisors LLC now owns 23,454 shares of the company’s stock valued at $5,877,000 after purchasing an additional 16,417 shares during the last quarter. RMG Wealth Management LLC bought a new position in Inspire 500 ETF during the first quarter valued at approximately $823,000. Root Financial Partners LLC bought a new position in Inspire 500 ETF during the first quarter valued at approximately $93,000. Finally, Vicus Capital purchased a new stake in Inspire 500 ETF in the first quarter worth approximately $1,367,000.

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.