Is Buying Inspire SMALL/MID Cap Impact Etf (NYSEARCA:ISMD), Having Lower Short Interest a Winning Strategy?

May 17, 2018 - By Jason Grubb

The stock of Inspire SMALL/MID Cap Impact Etf (NYSEARCA:ISMD) registered a decrease of 32.78% in short interest. ISMD’s total short interest was 12,100 shares in May as published by FINRA. Its down 32.78% from 18,000 shares, reported previously. With 4,300 shares average volume, it will take short sellers 3 days to cover their ISMD’s short positions.

The ETF increased 0.63% or $0.17 during the last trading session, reaching $28.08. About 47,466 shares traded or 243.41% up from the average. Inspire Small/Mid Cap Impact ETF (NYSEARCA:ISMD) has risen 7.18% since May 17, 2017 and is uptrending. It has underperformed by 4.37% the S&P500.

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