Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Short Interest Up 48.9% in December

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 28,723 shares, a growth of 48.9% from the December 15th total of 19,292 shares. Based on an average daily trading volume, of 14,666 shares, the short-interest ratio is currently 2.0 days. Currently, 0.8% of the shares of the company are sold short. Currently, 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 14,666 shares, the short-interest ratio is currently 2.0 days.

Inspire Faithward Mid Cap Momentum ETF Trading Down 0.1%

GLRY traded down $0.02 on Friday, hitting $38.34. 29,700 shares of the company’s stock were exchanged, compared to its average volume of 41,573. The stock has a fifty day moving average of $36.43 and a two-hundred day moving average of $35.64. Inspire Faithward Mid Cap Momentum ETF has a twelve month low of $25.24 and a twelve month high of $38.53. The firm has a market cap of $138.02 million, a PE ratio of 18.98 and a beta of 0.96.

Inspire Faithward Mid Cap Momentum ETF Cuts Dividend

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

Institutional Investors Weigh In On Inspire Faithward Mid Cap Momentum ETF

Hedge funds have recently added to or reduced their stakes in the stock. OneAscent Financial Services LLC grew its position in shares of Inspire Faithward Mid Cap Momentum ETF by 47.4% during the third quarter. OneAscent Financial Services LLC now owns 214,160 shares of the company’s stock worth $7,967,000 after acquiring an additional 68,856 shares during the last quarter. Nations Financial Group Inc. IA ADV bought a new stake in shares of Inspire Faithward Mid Cap Momentum ETF during the third quarter valued at approximately $1,056,000. Goldman Sachs Group Inc. bought a new position in Inspire Faithward Mid Cap Momentum ETF in the 1st quarter worth approximately $586,000. Inspire Advisors LLC raised its stake in Inspire Faithward Mid Cap Momentum ETF by 8.2% during the 2nd quarter. Inspire Advisors LLC now owns 191,820 shares of the company’s stock valued at $6,319,000 after acquiring an additional 14,540 shares in the last quarter. Finally, Arlington Capital Management Inc. bought a new position in shares of Inspire Faithward Mid Cap Momentum ETF in the fourth quarter worth $471,000. 72.93% of the stock is currently owned by institutional investors.

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.