Short Interest in Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Declines By 53.2%

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 14,818 shares, a decline of 53.2% from the June 15th total of 31,640 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 15,785 shares, the days-to-cover ratio is currently 0.9 days.

Inspire Faithward Mid Cap Momentum ETF Trading Up 1.0%

GLRY stock traded up $0.41 during trading hours on Tuesday, hitting $41.81. 2,069 shares of the stock were exchanged, compared to its average volume of 25,625. The firm has a market capitalization of $167.24 million, a P/E ratio of 18.98 and a beta of 1.01. The company has a 50-day simple moving average of $41.66 and a two-hundred day simple moving average of $39.57. Inspire Faithward Mid Cap Momentum ETF has a 12 month low of $32.53 and a 12 month high of $43.79.

Hedge Funds Weigh In On Inspire Faithward Mid Cap Momentum ETF

A number of hedge funds have recently bought and sold shares of GLRY. Goldman Sachs Group Inc. acquired a new stake in Inspire Faithward Mid Cap Momentum ETF in the 1st quarter worth about $586,000. Geneos Wealth Management Inc. raised its position in shares of Inspire Faithward Mid Cap Momentum ETF by 22.2% in the first quarter. Geneos Wealth Management Inc. now owns 2,449 shares of the company’s stock valued at $71,000 after buying an additional 445 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Inspire Faithward Mid Cap Momentum ETF by 16.7% in the second quarter. Osaic Holdings Inc. now owns 12,116 shares of the company’s stock valued at $399,000 after buying an additional 1,732 shares during the period. Centaurus Financial Inc. bought a new stake in shares of Inspire Faithward Mid Cap Momentum ETF in the third quarter valued at approximately $109,000. Finally, Arlington Capital Management Inc. acquired a new stake in Inspire Faithward Mid Cap Momentum ETF during the fourth quarter worth approximately $471,000. 72.93% of the stock is owned by institutional investors.

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.