Inspire 100 ETF (NYSEARCA:BIBL) Short Interest Update

Inspire 100 ETF (NYSEARCA:BIBL) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 61,906 shares, an increase of 88.6% from the July 30th total of 32,832 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 44,040 shares, the short-interest ratio is presently 1.4 days.

Hedge Funds Weigh In On Inspire 100 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc acquired a new position in shares of Inspire 100 ETF during the 1st quarter valued at $42,000. Farther Finance Advisors LLC lifted its holdings in shares of Inspire 100 ETF by 62.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,296 shares of the company’s stock valued at $58,000 after buying an additional 500 shares during the period. Root Financial Partners LLC bought a new position in Inspire 100 ETF during the first quarter valued at about $94,000. NewEdge Advisors LLC boosted its stake in Inspire 100 ETF by 16.8% during the third quarter. NewEdge Advisors LLC now owns 2,044 shares of the company’s stock valued at $91,000 after buying an additional 294 shares in the last quarter. Finally, Continuum Advisory LLC grew its holdings in Inspire 100 ETF by 6.5% during the fourth quarter. Continuum Advisory LLC now owns 6,085 shares of the company’s stock worth $275,000 after acquiring an additional 370 shares during the period.

Inspire 100 ETF Price Performance

Shares of Inspire 100 ETF stock traded down $0.89 on Friday, hitting $55.45. The company had a trading volume of 24,157 shares, compared to its average volume of 55,769. Inspire 100 ETF has a 52 week low of $42.45 and a 52 week high of $58.17. The company has a market cap of $487.96 million, a PE ratio of 25.68 and a beta of 1.11. The business has a 50-day simple moving average of $55.92 and a 200-day simple moving average of $52.88.

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.