Inspire 100 ETF (NYSEARCA:BIBL) Short Interest Down 18.5% in January

Inspire 100 ETF (NYSEARCA:BIBL) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 34,980 shares, a decrease of 18.5% from the December 31st total of 42,912 shares. Based on an average daily trading volume, of 57,492 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 57,492 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Inspire 100 ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its holdings in Inspire 100 ETF by 62.8% during the 4th 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 in the last quarter. NewEdge Advisors LLC grew 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 acquiring an additional 294 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its stake in Inspire 100 ETF by 25.6% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,190 shares of the company’s stock worth $91,000 after purchasing an additional 447 shares in the last quarter. Community Financial Services Group LLC lifted its stake in Inspire 100 ETF by 13.3% in the 4th quarter. Community Financial Services Group LLC now owns 5,180 shares of the company’s stock worth $234,000 after purchasing an additional 607 shares in the last quarter. Finally, PVG Asset Management Corp bought a new position in Inspire 100 ETF in the 4th quarter valued at $268,000.

Inspire 100 ETF Stock Down 0.8%

BIBL traded down $0.37 during trading hours on Tuesday, hitting $47.75. The stock had a trading volume of 31,978 shares, compared to its average volume of 56,689. Inspire 100 ETF has a 1 year low of $32.72 and a 1 year high of $48.98. The company’s fifty day simple moving average is $46.40 and its 200 day simple moving average is $44.69. The stock has a market cap of $377.23 million, a PE ratio of 25.68 and a beta of 1.11.

Inspire 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 17th were paid a $0.0961 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, December 17th.

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.