Inspire Small/Mid Cap ETF (NYSEARCA:ISMD) Sees Significant Growth in Short Interest

by · The Cerbat Gem

Inspire Small/Mid Cap ETF (NYSEARCA:ISMD – Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 2,382 shares, an increase of 85.8% from the December 15th total of 1,282 shares. Based on an average daily trading volume, of 29,337 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 29,337 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Inspire Small/Mid Cap ETF

Several institutional investors have recently made changes to their positions in ISMD. Mosaic Family Wealth Partners LLC increased its holdings in shares of Inspire Small/Mid Cap ETF by 7.4% during the 2nd quarter. Mosaic Family Wealth Partners LLC now owns 6,902 shares of the company’s stock worth $245,000 after buying an additional 473 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in Inspire Small/Mid Cap ETF during the second quarter valued at about $484,000. Sterling Investment Advisors Ltd. grew 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 valued at $508,000 after acquiring an additional 4,300 shares during the period. Trust Point Inc. grew its position in Inspire Small/Mid Cap ETF by 3.2% during the third quarter. Trust Point Inc. now owns 16,476 shares of the company’s stock valued at $640,000 after acquiring an additional 504 shares during the period. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in Inspire Small/Mid Cap ETF during the third quarter worth about $735,000.

Inspire Small/Mid Cap ETF Trading Down 0.0%

Shares of NYSEARCA ISMD traded down $0.01 on Friday, reaching $41.79. 34,350 shares of the company traded hands, compared to its average volume of 51,105. The stock has a market capitalization of $252.83 million, a PE ratio of 16.03 and a beta of 1.08. Inspire Small/Mid Cap ETF has a fifty-two week low of $29.16 and a fifty-two week high of $42.00. The company has a 50 day moving average of $38.93 and a 200 day moving average of $38.25.

Inspire Small/Mid Cap ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were paid a dividend of $0.1005 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%.

About Inspire Small/Mid Cap ETF

(Get Free Report)

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.

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