Inspire Corporate Bond ETF (NYSEARCA:IBD) Sees Large Drop in Short Interest

Inspire Corporate Bond ETF (NYSEARCA:IBD) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 23,547 shares, a drop of 76.6% from the June 30th total of 100,839 shares. Based on an average trading volume of 101,813 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IBD. AdvisorNet Financial Inc increased its position in shares of Inspire Corporate Bond ETF by 6,054.1% in the first quarter. AdvisorNet Financial Inc now owns 2,277 shares of the company’s stock worth $54,000 after acquiring an additional 2,240 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Inspire Corporate Bond ETF in the 1st quarter valued at $118,000. Advisory Services Network LLC increased its holdings in Inspire Corporate Bond ETF by 14.3% in the 4th quarter. Advisory Services Network LLC now owns 8,634 shares of the company’s stock valued at $209,000 after purchasing an additional 1,077 shares in the last quarter. PVG Asset Management Corp raised its position in Inspire Corporate Bond ETF by 20.7% in the fourth quarter. PVG Asset Management Corp now owns 11,071 shares of the company’s stock valued at $268,000 after purchasing an additional 1,900 shares during the period. Finally, RMG Wealth Management LLC purchased a new position in Inspire Corporate Bond ETF in the first quarter valued at about $432,000.

Inspire Corporate Bond ETF Stock Down 0.0%

Shares of IBD stock opened at $23.57 on Friday. Inspire Corporate Bond ETF has a one year low of $22.94 and a one year high of $24.85. The company has a 50 day moving average price of $23.76 and a 200 day moving average price of $23.94.

Inspire Corporate Bond ETF Company Profile

The Inspire Corporate Bond Impact ESG ETF (IBD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an equally weighted index of bonds issued by S&P 500-component companies that meet biblically responsible investing standards according to the Issuer. IBD was launched on Jul 10, 2017 and is managed by Inspire.