Inspire 100 ETF (NYSEARCA:BIBL) Sees Significant Decline in Short Interest

Inspire 100 ETF (NYSEARCA:BIBL) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 29,192 shares, a drop of 15.0% from the February 26th total of 34,325 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 37,769 shares, the short-interest ratio is presently 0.8 days.

Inspire 100 ETF Trading Up 3.2%

Inspire 100 ETF stock opened at $47.15 on Wednesday. Inspire 100 ETF has a 12 month low of $32.72 and a 12 month high of $50.74. The stock’s 50 day moving average is $48.64 and its 200-day moving average is $46.41. The company has a market capitalization of $372.49 million, a price-to-earnings ratio of 25.68 and a beta of 1.11.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in shares of Inspire 100 ETF by 62.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,296 shares of the company’s stock worth $58,000 after buying an additional 500 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Inspire 100 ETF by 16.8% in 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. Community Financial Services Group LLC increased its position in Inspire 100 ETF by 13.3% during the fourth quarter. Community Financial Services Group LLC now owns 5,180 shares of the company’s stock worth $234,000 after acquiring an additional 607 shares during the period. PVG Asset Management Corp acquired a new stake in Inspire 100 ETF in the 4th quarter worth about $268,000. Finally, Continuum Advisory LLC raised its stake in Inspire 100 ETF by 6.5% in the 4th quarter. Continuum Advisory LLC now owns 6,085 shares of the company’s stock worth $275,000 after purchasing an additional 370 shares in the last quarter.

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.