Short Interest in Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Decreases By 17.5%

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 8,461 shares, a decline of 17.5% from the March 15th total of 10,252 shares. Based on an average daily volume of 20,202 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GLRY. Goldman Sachs Group Inc. acquired a new position in Inspire Faithward Mid Cap Momentum ETF during the 1st quarter worth $586,000. Geneos Wealth Management Inc. lifted its position in 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 acquiring an additional 445 shares during the last quarter. Osaic Holdings Inc. lifted its position in Inspire Faithward Mid Cap Momentum ETF by 16.7% during the 2nd quarter. Osaic Holdings Inc. now owns 12,116 shares of the company’s stock worth $399,000 after acquiring an additional 1,732 shares during the last quarter. Focus Financial Network Inc. acquired a new position in Inspire Faithward Mid Cap Momentum ETF during the 3rd quarter worth $267,000. Finally, CWM LLC lifted its position in Inspire Faithward Mid Cap Momentum ETF by 9.8% during the 3rd quarter. CWM LLC now owns 27,120 shares of the company’s stock worth $1,009,000 after acquiring an additional 2,428 shares during the last quarter. Institutional investors and hedge funds own 72.93% of the company’s stock.

Inspire Faithward Mid Cap Momentum ETF Price Performance

Shares of GLRY stock traded up $0.78 on Friday, hitting $41.27. The company’s stock had a trading volume of 17,450 shares, compared to its average volume of 24,995. The stock has a market capitalization of $160.95 million, a price-to-earnings ratio of 18.98 and a beta of 1.02. Inspire Faithward Mid Cap Momentum ETF has a fifty-two week low of $27.19 and a fifty-two week high of $41.42. The firm’s fifty day moving average price is $38.61 and its 200-day moving average price is $37.44.

About Inspire Faithward Mid Cap Momentum ETF

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.