Inspire Corporate Bond ETF (NYSEARCA:IBD) Short Interest Up 243.3% in March

Inspire Corporate Bond ETF (NYSEARCA:IBD) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 60,838 shares, an increase of 243.3% from the February 26th total of 17,719 shares. Based on an average daily trading volume, of 87,943 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On Inspire Corporate Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in IBD. Trust Point Inc. grew its stake in Inspire Corporate Bond ETF by 2.4% during the fourth quarter. Trust Point Inc. now owns 40,269 shares of the company’s stock worth $975,000 after purchasing an additional 959 shares during the period. Advisory Services Network LLC increased its holdings in Inspire Corporate Bond ETF by 14.3% in the fourth quarter. Advisory Services Network LLC now owns 8,634 shares of the company’s stock worth $209,000 after purchasing an additional 1,077 shares in the last quarter. Vicus Capital lifted its stake in Inspire Corporate Bond ETF by 2.4% in the third quarter. Vicus Capital now owns 79,858 shares of the company’s stock valued at $1,929,000 after buying an additional 1,851 shares during the period. PVG Asset Management Corp lifted its stake 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 buying an additional 1,900 shares during the period. Finally, Hanson & Doremus Investment Management bought a new position in shares of Inspire Corporate Bond ETF during the 3rd quarter worth approximately $156,000.

Inspire Corporate Bond ETF Price Performance

Shares of NYSEARCA IBD opened at $23.75 on Friday. Inspire Corporate Bond ETF has a twelve month low of $23.18 and a twelve month high of $24.85. The firm has a fifty day simple moving average of $24.11 and a 200 day simple moving average of $24.16.

Inspire Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 24th were given a $0.0779 dividend. This is a boost from Inspire Corporate Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) annualized dividend and a dividend yield of 3.9%.

About Inspire Corporate Bond ETF

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.