Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Sees Large Increase in Short Interest

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) was the recipient of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 17,800 shares, a growth of 31.9% from the July 31st total of 13,500 shares. Based on an average daily volume of 39,100 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 39,100 shares, the short-interest ratio is presently 0.5 days.

Inspire Small/Mid Cap ETF Stock Down 0.2%

Shares of NYSEARCA ISMD opened at $38.60 on Thursday. Inspire Small/Mid Cap ETF has a 52 week low of $29.16 and a 52 week high of $41.16. The firm has a 50-day moving average price of $37.31 and a 200 day moving average price of $35.16. The stock has a market capitalization of $218.09 million, a price-to-earnings ratio of 16.03 and a beta of 1.13.

Hedge Funds Weigh In On Inspire Small/Mid Cap ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Continuum Advisory LLC raised its position in Inspire Small/Mid Cap ETF by 80.0% during the fourth quarter. Continuum Advisory LLC now owns 1,028 shares of the company’s stock worth $39,000 after acquiring an additional 457 shares during the last quarter. Mosaic Family Wealth Partners LLC raised its position in Inspire Small/Mid Cap ETF by 7.4% during the second quarter. Mosaic Family Wealth Partners LLC now owns 6,902 shares of the company’s stock worth $245,000 after acquiring an additional 473 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in Inspire Small/Mid Cap ETF by 8.8% during the first quarter. Creative Financial Designs Inc. ADV now owns 26,859 shares of the company’s stock worth $916,000 after acquiring an additional 2,179 shares during the last quarter. Sterling Investment Advisors Ltd. raised its position in Inspire Small/Mid Cap ETF by 43.0% during the second quarter. Sterling Investment Advisors Ltd. now owns 14,300 shares of the company’s stock worth $508,000 after acquiring an additional 4,300 shares during the last quarter. Finally, RMG Wealth Management LLC acquired a new position in Inspire Small/Mid Cap ETF during the second quarter worth about $484,000.

Inspire Small/Mid Cap ETF Company Profile

The Inspire Small\u002FMid Cap Impact ESG ETF (ISMD) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of 500 small- and mid-cap US stocks that are screened for alignment with biblical values defined by the Issuer. ISMD was launched on Feb 28, 2017 and is managed by Inspire.