Short Interest in Inspire 100 ETF (NYSEARCA:BIBL) Grows By 444.2%

Inspire 100 ETF (NYSEARCA:BIBL) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 179,988 shares, a growth of 444.2% from the May 31st total of 33,074 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average daily volume of 54,940 shares, the days-to-cover ratio is presently 3.3 days.

Inspire 100 ETF Stock Down 2.3%

Shares of NYSEARCA BIBL traded down $1.32 during midday trading on Friday, hitting $56.11. The company had a trading volume of 52,121 shares, compared to its average volume of 58,650. The firm has a market capitalization of $451.69 million, a price-to-earnings ratio of 25.68 and a beta of 1.12. Inspire 100 ETF has a twelve month low of $40.81 and a twelve month high of $57.49. The business has a 50-day simple moving average of $54.03 and a two-hundred day simple moving average of $50.03.

Institutional Investors Weigh In On Inspire 100 ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. AdvisorNet Financial Inc purchased a new stake in shares of Inspire 100 ETF during the 1st quarter worth approximately $42,000. Farther Finance Advisors LLC increased its stake in Inspire 100 ETF by 62.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,296 shares of the company’s stock valued at $58,000 after purchasing an additional 500 shares in the last quarter. Root Financial Partners LLC acquired a new position in Inspire 100 ETF during the first quarter worth $94,000. NewEdge Advisors LLC raised its holdings in Inspire 100 ETF by 16.8% during the third quarter. NewEdge Advisors LLC now owns 2,044 shares of the company’s stock worth $91,000 after purchasing an additional 294 shares during the last quarter. Finally, Community Financial Services Group LLC boosted its position in Inspire 100 ETF by 13.3% during the fourth quarter. Community Financial Services Group LLC now owns 5,180 shares of the company’s stock worth $234,000 after purchasing an additional 607 shares in the last quarter.

Inspire 100 ETF Company Profile

The Inspire 100 ESG ETF (BIBL) is an exchange-traded fund that is based on the Inspire 100 index, a market-cap-weighted index of large-cap US stocks, selected based on a proprietary definition of biblical values. BIBL was launched on Oct 30, 2017 and is managed by Inspire.