Inspire 100 ETF (NYSEARCA:BIBL) Short Interest Down 23.9% in February

Inspire 100 ETF (NYSEARCA:BIBL) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 41,887 shares, a drop of 23.9% from the January 29th total of 55,060 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 58,703 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 58,703 shares, the short-interest ratio is presently 0.7 days. Currently, 0.5% of the shares of the company are short sold.

Inspire 100 ETF Stock Up 0.9%

Shares of BIBL traded up $0.45 during midday trading on Wednesday, reaching $49.62. 8,426 shares of the stock were exchanged, compared to its average volume of 55,884. The stock’s 50 day simple moving average is $48.18 and its 200 day simple moving average is $45.75. The company has a market cap of $392.00 million, a P/E ratio of 25.68 and a beta of 1.11. Inspire 100 ETF has a twelve month low of $32.72 and a twelve month high of $50.74.

Inspire 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were paid a dividend of $0.0961 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, December 17th.

Institutional Trading of Inspire 100 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nations Financial Group Inc. IA ADV lifted its position in Inspire 100 ETF by 494.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 56,276 shares of the company’s stock valued at $2,500,000 after purchasing an additional 46,804 shares during the last quarter. GPS Wealth Strategies Group LLC boosted 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 valued at $91,000 after purchasing an additional 447 shares in the last quarter. NewEdge Advisors LLC grew its stake in Inspire 100 ETF by 16.8% in the third quarter. NewEdge Advisors LLC now owns 2,044 shares of the company’s stock worth $91,000 after purchasing an additional 294 shares during the period. Continuum Advisory LLC raised its holdings in Inspire 100 ETF by 6.5% in the fourth 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. Finally, EverSource Wealth Advisors LLC raised 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 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.