Inspire 100 ETF (NYSEARCA:BIBL) Short Interest Down 55.7% in June

Inspire 100 ETF (NYSEARCA:BIBL) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 79,662 shares, a decrease of 55.7% from the June 15th total of 179,988 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average trading volume of 52,710 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Financial Designs Inc. ADV increased its stake in Inspire 100 ETF by 14.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 266,844 shares of the company’s stock valued at $12,043,000 after purchasing an additional 33,334 shares during the period. United Capital Financial Advisors LLC boosted its stake in shares of Inspire 100 ETF by 24.8% during the third quarter. United Capital Financial Advisors LLC now owns 112,426 shares of the company’s stock worth $4,995,000 after buying an additional 22,357 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Inspire 100 ETF by 1.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 87,608 shares of the company’s stock worth $3,954,000 after buying an additional 881 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Inspire 100 ETF by 18.6% during the first quarter. Nations Financial Group Inc. IA ADV now owns 81,087 shares of the company’s stock worth $3,823,000 after buying an additional 12,718 shares during the last quarter. Finally, Vicus Capital increased its position in Inspire 100 ETF by 2.7% in the 4th quarter. Vicus Capital now owns 36,119 shares of the company’s stock valued at $1,630,000 after acquiring an additional 944 shares during the period.

Inspire 100 ETF Price Performance

Shares of BIBL traded up $0.28 during mid-day trading on Tuesday, reaching $56.17. 22,464 shares of the company’s stock were exchanged, compared to its average volume of 59,773. The business’s fifty day simple moving average is $54.86 and its 200-day simple moving average is $50.90. The stock has a market capitalization of $502.72 million, a PE ratio of 25.68 and a beta of 1.10. Inspire 100 ETF has a 52-week low of $41.20 and a 52-week high of $58.17.

About Inspire 100 ETF

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.