Inspire 100 ETF (NYSEARCA:BIBL) Short Interest Down 55.7% in June

Inspire 100 ETF (NYSEARCA:BIBL) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 79,662 shares, a drop of 55.7% from the June 15th total of 179,988 shares. Based on an average daily volume of 52,710 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.9% of the shares of the company are sold short.

Hedge Funds Weigh In On Inspire 100 ETF

A number of large investors have recently bought and sold shares of BIBL. United Capital Financial Advisors LLC boosted its holdings in shares of 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 valued at $4,995,000 after acquiring an additional 22,357 shares in the last quarter. NewEdge Advisors LLC raised its holdings in 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 purchasing an additional 294 shares in the last quarter. Community Financial Services Group LLC raised its holdings 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 purchasing an additional 607 shares in the last quarter. Vicus Capital lifted its position in Inspire 100 ETF by 2.7% in the fourth quarter. Vicus Capital now owns 36,119 shares of the company’s stock valued at $1,630,000 after purchasing an additional 944 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Inspire 100 ETF by 62.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,296 shares of the company’s stock valued at $58,000 after purchasing an additional 500 shares in the last quarter.

Inspire 100 ETF Price Performance

Shares of NYSEARCA:BIBL traded up $0.28 during trading on Tuesday, reaching $56.17. The company had a trading volume of 22,464 shares, compared to its average volume of 59,773. The firm has a market capitalization of $502.72 million, a price-to-earnings ratio of 25.68 and a beta of 1.10. The stock’s fifty day moving average price is $54.86 and its 200 day moving average price is $50.90. Inspire 100 ETF has a fifty-two week low of $41.20 and a fifty-two week 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.