Short Interest in Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Drops By 35.5%

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 11,309 shares, a decline of 35.5% from the May 14th total of 17,533 shares. Based on an average daily trading volume, of 16,131 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the company’s shares are sold short.

Inspire Faithward Mid Cap Momentum ETF Stock Up 0.0%

Shares of GLRY stock opened at $42.16 on Thursday. Inspire Faithward Mid Cap Momentum ETF has a 12-month low of $31.95 and a 12-month high of $43.29. The firm has a market capitalization of $160.21 million, a price-to-earnings ratio of 18.98 and a beta of 1.03. The firm has a fifty day moving average of $41.07 and a 200-day moving average of $38.82.

Hedge Funds Weigh In On Inspire Faithward Mid Cap Momentum ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. grew its position 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 purchasing an additional 445 shares during the period. Valmark Advisers Inc. grew its position 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 purchasing an additional 549 shares during the period. Assetmark Inc. acquired a new position in shares of Inspire Faithward Mid Cap Momentum ETF in the 3rd quarter valued at approximately $35,000. EverSource Wealth Advisors LLC grew its position in shares of Inspire Faithward Mid Cap Momentum ETF by 224.8% in the 3rd 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. Finally, Inspire Investing LLC acquired a new position in shares of Inspire Faithward Mid Cap Momentum ETF in the 4th quarter valued at approximately $40,000. 72.93% of the stock is currently owned by institutional investors and hedge funds.

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.