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

Inspire 100 ETF (NYSEARCA:BIBL) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 32,832 shares, a drop of 61.5% from the July 15th total of 85,346 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 42,927 shares, the days-to-cover ratio is currently 0.8 days.

Inspire 100 ETF Trading Down 0.1%

Inspire 100 ETF stock traded down $0.04 on Friday, reaching $57.15. 26,676 shares of the stock were exchanged, compared to its average volume of 57,390. The stock has a market cap of $502.92 million, a PE ratio of 25.68 and a beta of 1.11. Inspire 100 ETF has a twelve month low of $42.24 and a twelve month high of $58.17. The firm has a fifty day moving average price of $55.81 and a two-hundred day moving average price of $52.35.

Hedge Funds Weigh In On Inspire 100 ETF

Several large investors have recently made changes to their positions in BIBL. United Capital Financial Advisors LLC boosted its stake in Inspire 100 ETF by 24.8% during the 3rd quarter. United Capital Financial Advisors LLC now owns 112,426 shares of the company’s stock valued at $4,995,000 after purchasing an additional 22,357 shares during the period. NewEdge Advisors LLC lifted 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 buying an additional 294 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Inspire 100 ETF by 62.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,296 shares of the company’s stock worth $58,000 after buying an additional 500 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Inspire 100 ETF by 21.5% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 68,369 shares of the company’s stock worth $3,086,000 after buying an additional 12,093 shares during the last quarter. Finally, PVG Asset Management Corp bought a new stake in shares of Inspire 100 ETF in the fourth quarter valued at approximately $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.