Short Interest in Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Rises By 54.3%
by Doug Wharley · The Cerbat GemInspire Small/Mid Cap ETF (NYSEARCA:ISMD – Get Free Report) saw a large growth in short interest in April. As of April 15th, there was short interest totaling 59,099 shares, a growth of 54.3% from the March 31st total of 38,290 shares. Based on an average daily volume of 35,645 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.9% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new position in shares of Inspire Small/Mid Cap ETF during the 1st quarter worth $66,000. AdvisorNet Financial Inc acquired a new stake in Inspire Small/Mid Cap ETF in the 1st quarter valued at about $46,000. Nations Financial Group Inc. IA ADV increased its holdings in Inspire Small/Mid Cap ETF by 29.7% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 29,025 shares of the company’s stock valued at $1,160,000 after acquiring an additional 6,642 shares in the last quarter. Captrust Financial Advisors raised its position in Inspire Small/Mid Cap ETF by 8.9% during the fourth quarter. Captrust Financial Advisors now owns 11,752 shares of the company’s stock worth $453,000 after acquiring an additional 959 shares during the last quarter. Finally, Cornerstone Financial Management LLC acquired a new position in Inspire Small/Mid Cap ETF during the fourth quarter worth about $952,000.
Inspire Small/Mid Cap ETF Price Performance
NYSEARCA ISMD traded down $0.02 on Monday, hitting $44.41. 19,806 shares of the company’s stock were exchanged, compared to its average volume of 37,527. Inspire Small/Mid Cap ETF has a fifty-two week low of $31.96 and a fifty-two week high of $45.27. The firm has a market cap of $284.22 million, a price-to-earnings ratio of 16.03 and a beta of 1.00. The firm’s 50-day moving average price is $41.53 and its two-hundred day moving average price is $40.20.
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.