Inspire Global Hope ETF (NYSEARCA:BLES) Stock Short Interest Climbs 83.4%

Inspire Global Hope ETF (NYSEARCA:BLES) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 26,397 shares, a growth of 83.4% from the September 15th total of 14,391 shares. Based on an average trading volume of 15,327 shares, the short-interest ratio is currently 1.7 days. Currently, 0.8% of the company’s shares are sold short.

Hedge Funds Weigh In On Inspire Global Hope ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BLES. Continuum Advisory LLC purchased a new stake in Inspire Global Hope ETF during the 2nd quarter worth approximately $31,000. Root Financial Partners LLC acquired a new stake in shares of Inspire Global Hope ETF during the first quarter worth $32,000. Farther Finance Advisors LLC acquired a new stake in shares of Inspire Global Hope ETF during the third quarter worth $34,000. EverSource Wealth Advisors LLC lifted its stake in shares of Inspire Global Hope ETF by 8.7% during the first quarter. EverSource Wealth Advisors LLC now owns 7,547 shares of the company’s stock worth $335,000 after buying an additional 601 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of Inspire Global Hope ETF by 23.2% during the first quarter. Nations Financial Group Inc. IA ADV now owns 60,122 shares of the company’s stock valued at $2,667,000 after buying an additional 11,306 shares during the last quarter.

Inspire Global Hope ETF Trading Down 0.8%

Shares of NYSEARCA BLES traded down $0.39 during trading hours on Friday, reaching $47.38. The stock had a trading volume of 4,715 shares, compared to its average volume of 10,539. Inspire Global Hope ETF has a 52-week low of $41.22 and a 52-week high of $50.46. The firm has a market cap of $163.46 million, a price-to-earnings ratio of 18.40 and a beta of 0.89. The business’s fifty day moving average price is $48.88 and its two-hundred day moving average price is $47.97.

Inspire Global Hope ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 25th were issued a $0.1801 dividend. The ex-dividend date was Friday, September 25th. This represents a $0.72 annualized dividend and a dividend yield of 1.5%. This is a negative change from Inspire Global Hope ETF’s previous quarterly dividend of $0.4041.

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.