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

Inspire 100 ETF (NYSEARCA:BIBL) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 55,060 shares, an increase of 57.4% from the January 15th total of 34,980 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 58,951 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 58,951 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.7% of the company’s shares are short sold.

Hedge Funds Weigh In On Inspire 100 ETF

Several institutional investors and hedge funds have recently modified their holdings of BIBL. Farther Finance Advisors LLC increased its stake in Inspire 100 ETF by 62.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,296 shares of the company’s stock worth $58,000 after purchasing an additional 500 shares in the last quarter. GPS Wealth Strategies Group LLC increased its position in shares of Inspire 100 ETF by 25.6% during the second quarter. GPS Wealth Strategies Group LLC now owns 2,190 shares of the company’s stock worth $91,000 after acquiring an additional 447 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Inspire 100 ETF by 16.8% during the third quarter. NewEdge Advisors LLC now owns 2,044 shares of the company’s stock worth $91,000 after acquiring an additional 294 shares during the period. Community Financial Services Group LLC lifted its position in Inspire 100 ETF by 13.3% in the 4th quarter. Community Financial Services Group LLC now owns 5,180 shares of the company’s stock valued at $234,000 after acquiring an additional 607 shares in the last quarter. Finally, PVG Asset Management Corp bought a new stake in Inspire 100 ETF in the 4th quarter valued at $268,000.

Inspire 100 ETF Stock Up 1.6%

Shares of BIBL traded up $0.77 during trading hours on Monday, reaching $50.17. The stock had a trading volume of 18,025 shares, compared to its average volume of 58,341. The company has a market cap of $396.34 million, a P/E ratio of 25.68 and a beta of 1.11. Inspire 100 ETF has a 52 week low of $32.72 and a 52 week high of $50.74. The firm has a 50-day moving average of $47.07 and a 200 day moving average of $45.10.

Inspire 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were issued a $0.0961 dividend. This represents a $0.38 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, December 17th.

About Inspire 100 ETF

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.