Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Short Interest Down 46.9% in January

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 15,264 shares, a decline of 46.9% from the December 31st total of 28,723 shares. Based on an average trading volume of 42,794 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 42,794 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Inspire Faithward Mid Cap Momentum ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GLRY. OneAscent Financial Services LLC grew its stake in shares of Inspire Faithward Mid Cap Momentum ETF by 47.4% during the third quarter. OneAscent Financial Services LLC now owns 214,160 shares of the company’s stock valued at $7,967,000 after purchasing an additional 68,856 shares during the last quarter. CWM LLC lifted its holdings in Inspire Faithward Mid Cap Momentum ETF by 244.3% during the 4th quarter. CWM LLC now owns 93,370 shares of the company’s stock worth $3,345,000 after buying an additional 66,250 shares in the last quarter. Nations Financial Group Inc. IA ADV bought a new position in Inspire Faithward Mid Cap Momentum ETF in the 3rd quarter valued at $1,056,000. Valmark Advisers Inc. bought a new position in Inspire Faithward Mid Cap Momentum ETF in the 4th quarter valued at $882,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Inspire Faithward Mid Cap Momentum ETF in the 1st quarter valued at $586,000. 72.93% of the stock is currently owned by institutional investors and hedge funds.

Inspire Faithward Mid Cap Momentum ETF Stock Performance

Shares of GLRY stock traded down $1.36 during trading hours on Friday, hitting $37.41. The company had a trading volume of 17,258 shares, compared to its average volume of 33,328. The firm’s fifty day moving average is $36.94 and its 200 day moving average is $35.98. Inspire Faithward Mid Cap Momentum ETF has a 12 month low of $25.24 and a 12 month high of $38.77. The firm has a market capitalization of $137.29 million, a price-to-earnings ratio of 18.98 and a beta of 0.96.

Inspire Faithward Mid Cap Momentum ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 17th were given a dividend of $0.0079 per share. The ex-dividend date was Wednesday, December 17th. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.1%.

About Inspire Faithward Mid Cap Momentum ETF

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.