Short Interest in Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Decreases By 53.2%

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 14,818 shares, a decrease of 53.2% from the June 15th total of 31,640 shares. Based on an average daily trading volume, of 15,785 shares, the short-interest ratio is currently 0.9 days. Currently, 0.4% of the company’s stock are short sold.

Inspire Faithward Mid Cap Momentum ETF Trading Up 1.0%

Shares of NYSEARCA GLRY traded up $0.41 during mid-day trading on Tuesday, hitting $41.81. The company had a trading volume of 2,069 shares, compared to its average volume of 25,625. The firm has a 50-day simple moving average of $41.66 and a two-hundred day simple moving average of $39.57. The company has a market capitalization of $167.24 million, a PE ratio of 18.98 and a beta of 1.01. Inspire Faithward Mid Cap Momentum ETF has a one year low of $32.53 and a one year high of $43.79.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Focus Financial Network Inc. increased its position in shares of Inspire Faithward Mid Cap Momentum ETF by 4.0% during the 2nd quarter. Focus Financial Network Inc. now owns 11,156 shares of the company’s stock worth $487,000 after purchasing an additional 428 shares during the last quarter. First Heartland Consultants Inc. bought a new stake in shares of Inspire Faithward Mid Cap Momentum ETF during the 2nd quarter worth approximately $231,000. EverSource Wealth Advisors LLC boosted its holdings 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 buying an additional 1,963 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in shares of Inspire Faithward Mid Cap Momentum ETF by 2.2% in the 1st quarter. Valmark Advisers Inc. now owns 25,180 shares of the company’s stock valued at $934,000 after buying an additional 549 shares during the last quarter. Finally, Revisor Wealth Management LLC bought a new position in shares of Inspire Faithward Mid Cap Momentum ETF in the first quarter valued at $270,000. 72.93% of the stock is currently owned by 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.