Short Interest in Inspire Corporate Bond ETF (NYSEARCA:IBD) Decreases By 99.9%
by Teresa Graham · The Cerbat GemInspire Corporate Bond ETF (NYSEARCA:IBD – Get Free Report) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 623 shares, a decrease of 99.9% from the March 31st total of 487,645 shares. Based on an average trading volume of 246,241 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in IBD. AdvisorNet Financial Inc raised its stake in shares of Inspire Corporate Bond ETF by 6,054.1% during the 1st quarter. AdvisorNet Financial Inc now owns 2,277 shares of the company’s stock worth $54,000 after buying an additional 2,240 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Inspire Corporate Bond ETF during the 1st quarter worth $118,000. Hanson & Doremus Investment Management acquired a new position in shares of Inspire Corporate Bond ETF during the 3rd quarter worth $156,000. Advisory Services Network LLC raised its stake in shares of Inspire Corporate Bond ETF by 14.3% during the 4th quarter. Advisory Services Network LLC now owns 8,634 shares of the company’s stock worth $209,000 after buying an additional 1,077 shares during the last quarter. Finally, PVG Asset Management Corp raised its stake in shares of Inspire Corporate Bond ETF by 20.7% during the 4th quarter. PVG Asset Management Corp now owns 11,071 shares of the company’s stock worth $268,000 after buying an additional 1,900 shares during the last quarter.
Inspire Corporate Bond ETF Trading Down 0.3%
IBD stock traded down $0.08 on Friday, reaching $23.90. 131,316 shares of the company’s stock were exchanged, compared to its average volume of 125,593. Inspire Corporate Bond ETF has a twelve month low of $23.48 and a twelve month high of $24.85. The stock has a fifty day moving average of $24.01 and a 200-day moving average of $24.12.
Inspire Corporate Bond ETF Increases Dividend
The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 24th were paid a dividend of $0.0779 per share. 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%.
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.