Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Sees Significant Drop in Short Interest

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) was the recipient of a significant drop in short interest in October. As of October 30th, there was short interest totaling 2,705 shares, a drop of 85.0% from the October 15th total of 18,012 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 17,864 shares, the days-to-cover ratio is presently 0.2 days.

Inspire Faithward Mid Cap Momentum ETF Stock Down 0.4%

Shares of GLRY traded down $0.15 during mid-day trading on Friday, hitting $37.67. 12,785 shares of the company’s stock traded hands, compared to its average volume of 22,159. Inspire Faithward Mid Cap Momentum ETF has a 1 year low of $34.38 and a 1 year high of $43.79. The business’s 50-day moving average price is $37.62 and its 200-day moving average price is $39.56. The firm has a market capitalization of $160.10 million, a P/E ratio of 16.49 and a beta of 1.03.

Hedge Funds Weigh In On Inspire Faithward Mid Cap Momentum ETF

Several institutional investors have recently bought and sold shares of the stock. Continuum Advisory LLC acquired a new position in shares of Inspire Faithward Mid Cap Momentum ETF in the 2nd quarter valued at $37,000. Ameritas Advisory Services LLC purchased a new stake in shares of Inspire Faithward Mid Cap Momentum ETF in the second quarter valued at about $84,000. First Heartland Consultants Inc. purchased a new stake in shares of Inspire Faithward Mid Cap Momentum ETF during the 2nd quarter valued at approximately $231,000. EverSource Wealth Advisors LLC lifted its stake in shares of Inspire Faithward Mid Cap Momentum ETF by 47.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,058 shares of the company’s stock valued at $225,000 after purchasing an additional 1,963 shares during the last quarter. Finally, Independent Advisor Alliance boosted its stake in Inspire Faithward Mid Cap Momentum ETF by 18.4% during the third quarter. Independent Advisor Alliance now owns 7,788 shares of the company’s stock worth $293,000 after buying an additional 1,211 shares during the period. 72.93% of the stock is owned by hedge funds and other 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.