Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Short Interest Update

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 17,482 shares, a growth of 44.4% from the January 29th total of 12,108 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 23,823 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 23,823 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Investors Weigh In On Inspire Faithward Mid Cap Momentum ETF

Several hedge funds have recently bought and sold shares of the stock. Assetmark Inc. acquired a new stake in Inspire Faithward Mid Cap Momentum ETF during the 3rd quarter worth approximately $35,000. Inspire Investing LLC bought a new stake in Inspire Faithward Mid Cap Momentum ETF during the fourth quarter worth about $40,000. EverSource Wealth Advisors LLC increased its stake in Inspire Faithward Mid Cap Momentum ETF by 224.8% in the third quarter. EverSource Wealth Advisors LLC now owns 1,598 shares of the company’s stock valued at $59,000 after acquiring an additional 1,106 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Inspire Faithward Mid Cap Momentum ETF by 22.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,449 shares of the company’s stock worth $71,000 after buying an additional 445 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new stake in shares of Inspire Faithward Mid Cap Momentum ETF in the 3rd quarter valued at approximately $109,000. 72.93% of the stock is currently owned by institutional investors and hedge funds.

Inspire Faithward Mid Cap Momentum ETF Price Performance

Inspire Faithward Mid Cap Momentum ETF stock traded down $0.77 during mid-day trading on Friday, hitting $39.40. 11,932 shares of the company’s stock traded hands, compared to its average volume of 28,155. Inspire Faithward Mid Cap Momentum ETF has a fifty-two week low of $25.24 and a fifty-two week high of $40.27. The stock has a market cap of $144.60 million, a price-to-earnings ratio of 18.98 and a beta of 0.96. The firm has a 50 day simple moving average of $37.93 and a two-hundred day simple moving average of $36.76.

Inspire Faithward Mid Cap Momentum ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 17th were issued a dividend of $0.0079 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.03 annualized dividend and a dividend yield of 0.1%.

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.