Inspire 100 ETF (NYSEARCA:BIBL) Short Interest Update

Inspire 100 ETF (NYSEARCA:BIBL) was the target of a large increase in short interest during 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. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 44,040 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BIBL. Creative Financial Designs Inc. ADV raised its stake in Inspire 100 ETF by 14.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 266,844 shares of the company’s stock valued at $12,043,000 after acquiring an additional 33,334 shares in the last quarter. United Capital Financial Advisors LLC lifted its holdings in Inspire 100 ETF by 24.8% in the third quarter. United Capital Financial Advisors LLC now owns 112,426 shares of the company’s stock worth $4,995,000 after purchasing an additional 22,357 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Inspire 100 ETF by 1.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 87,608 shares of the company’s stock worth $3,954,000 after purchasing an additional 881 shares during the period. Nations Financial Group Inc. IA ADV grew its position in Inspire 100 ETF by 18.6% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 81,087 shares of the company’s stock valued at $3,823,000 after buying an additional 12,718 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new position in Inspire 100 ETF in the 1st quarter valued at about $1,316,000.

Inspire 100 ETF Price Performance

NYSEARCA:BIBL traded down $0.89 during midday trading on Friday, reaching $55.45. 24,157 shares of the company traded hands, compared to its average volume of 55,769. The firm has a market capitalization of $487.96 million, a price-to-earnings ratio of 25.68 and a beta of 1.11. The company has a fifty day moving average price of $55.92 and a 200 day moving average price of $52.88. Inspire 100 ETF has a twelve month low of $42.45 and a twelve month high of $58.17.

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.