Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Sees Large Increase in Short Interest

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 17,482 shares, an increase of 44.4% from the January 29th total of 12,108 shares. Based on an average daily volume of 23,823 shares, the short-interest ratio is presently 0.7 days. Approximately 0.5% of the company’s shares are sold short. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 23,823 shares, the short-interest ratio is presently 0.7 days.

Inspire Faithward Mid Cap Momentum ETF Stock Down 2.5%

Shares of GLRY traded down $1.00 during mid-day trading on Tuesday, reaching $38.63. The company’s stock had a trading volume of 50,123 shares, compared to its average volume of 28,393. The company has a market cap of $141.77 million, a price-to-earnings ratio of 18.98 and a beta of 0.96. The business has a fifty day moving average of $37.98 and a 200 day moving average of $36.81. Inspire Faithward Mid Cap Momentum ETF has a 1 year low of $25.24 and a 1 year high of $40.27.

Inspire Faithward Mid Cap Momentum ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders 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 yield of 0.1%.

Hedge Funds Weigh In On Inspire Faithward Mid Cap Momentum ETF

Large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. raised its stake in shares of Inspire Faithward Mid Cap Momentum ETF by 22.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,449 shares of the company’s stock valued at $71,000 after acquiring an additional 445 shares in the last quarter. Assetmark Inc. acquired a new position in Inspire Faithward Mid Cap Momentum ETF during the third quarter valued at approximately $35,000. EverSource Wealth Advisors LLC raised its position in shares of Inspire Faithward Mid Cap Momentum ETF by 224.8% in the third quarter. EverSource Wealth Advisors LLC now owns 1,598 shares of the company’s stock valued at $59,000 after purchasing an additional 1,106 shares during the period. Inspire Investing LLC acquired a new stake in shares of Inspire Faithward Mid Cap Momentum ETF in the fourth quarter worth $40,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Inspire Faithward Mid Cap Momentum ETF by 13.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 11,538 shares of the company’s stock worth $413,000 after buying an additional 1,387 shares during the period. Institutional investors and hedge funds own 72.93% of the company’s stock.

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.