Short Interest in Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Increases By 179.8%

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 31,640 shares, an increase of 179.8% from the May 31st total of 11,309 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 42,397 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new position in shares of Inspire Faithward Mid Cap Momentum ETF in the first quarter valued at approximately $586,000. Geneos Wealth Management Inc. raised its holdings in shares of Inspire Faithward Mid Cap Momentum ETF by 22.2% during the first quarter. Geneos Wealth Management Inc. now owns 2,449 shares of the company’s stock worth $71,000 after acquiring an additional 445 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Inspire Faithward Mid Cap Momentum ETF by 16.7% during the second quarter. Osaic Holdings Inc. now owns 12,116 shares of the company’s stock worth $399,000 after acquiring an additional 1,732 shares during the period. EverSource Wealth Advisors LLC lifted its position in Inspire Faithward Mid Cap Momentum ETF by 224.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,598 shares of the company’s stock valued at $59,000 after acquiring an additional 1,106 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in Inspire Faithward Mid Cap Momentum ETF by 2.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 314,874 shares of the company’s stock valued at $11,713,000 after acquiring an additional 6,043 shares in the last quarter. Institutional investors own 72.93% of the company’s stock.

Inspire Faithward Mid Cap Momentum ETF Stock Up 1.8%

Shares of GLRY traded up $0.77 on Monday, hitting $42.75. The company’s stock had a trading volume of 19,270 shares, compared to its average volume of 25,695. The firm’s fifty day moving average price is $41.46 and its 200-day moving average price is $39.13. Inspire Faithward Mid Cap Momentum ETF has a fifty-two week low of $32.53 and a fifty-two week high of $43.34. The firm has a market capitalization of $162.45 million, a price-to-earnings ratio of 18.98 and a beta of 1.03.

Inspire Faithward Mid Cap Momentum ETF Company Profile

The Inspire Faithward Mid Cap Momentum ESG ETF (GLRY) is an exchange-traded fund that mostly invests in mid cap equity. The fund seeks to maximize growth and outperform its benchmark by actively selecting US mid-cap stocks that are screened for their alignment in biblical values. GLRY was launched on Dec 7, 2020 and is managed by Inspire.