Inspire 100 ETF (NYSEARCA:BIBL) Sees Large Drop in Short Interest

Inspire 100 ETF (NYSEARCA:BIBL) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 34,980 shares, a decrease of 18.5% from the December 31st total of 42,912 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 57,492 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 57,492 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the shares of the stock are sold short.

Inspire 100 ETF Stock Performance

Shares of Inspire 100 ETF stock traded up $0.33 during midday trading on Monday, hitting $48.12. 52,123 shares of the company traded hands, compared to its average volume of 57,892. The stock has a market cap of $380.15 million, a price-to-earnings ratio of 25.68 and a beta of 1.11. The firm’s fifty day moving average price is $46.40 and its 200-day moving average price is $44.69. Inspire 100 ETF has a 12 month low of $32.72 and a 12 month high of $48.98.

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 Inflows and Outflows

A number of large investors have recently modified their holdings of BIBL. Creative Financial Designs Inc. ADV boosted its holdings in shares of Inspire 100 ETF by 509.7% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 226,196 shares of the company’s stock valued at $9,349,000 after acquiring an additional 189,094 shares in the last quarter. Nations Financial Group Inc. IA ADV raised 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. RMG Wealth Management LLC acquired a new stake in shares of Inspire 100 ETF during the second quarter valued at about $1,851,000. United Capital Financial Advisors LLC grew its holdings in shares of Inspire 100 ETF by 24.8% during the third quarter. United Capital Financial Advisors LLC now owns 112,426 shares of the company’s stock worth $4,995,000 after purchasing an additional 22,357 shares during the last quarter. Finally, PVG Asset Management Corp bought a new stake in shares of Inspire 100 ETF during the fourth quarter worth about $268,000.

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.