Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Shares Shorted: Short Interest Down 85.0% in October

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 2,705 shares, a drop of 85.0% from the October 15th total of 18,012 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 17,864 shares, the days-to-cover ratio is presently 0.2 days.

Inspire Faithward Mid Cap Momentum ETF Trading Down 0.9%

Shares of NYSEARCA:GLRY traded down $0.33 during trading on Thursday, hitting $37.82. 7,832 shares of the company’s stock traded hands, compared to its average volume of 22,202. The company has a 50-day moving average price of $37.64 and a 200-day moving average price of $39.56. Inspire Faithward Mid Cap Momentum ETF has a 52 week low of $34.38 and a 52 week high of $43.79. The company has a market cap of $160.74 million, a price-to-earnings ratio of 18.98 and a beta of 1.03.

Institutional Investors Weigh In On Inspire Faithward Mid Cap Momentum ETF

Several large investors have recently made changes to their positions in GLRY. Private Advisor Group LLC acquired a new position in Inspire Faithward Mid Cap Momentum ETF in the 3rd quarter worth $835,000. Independent Advisor Alliance raised its stake in shares of Inspire Faithward Mid Cap Momentum ETF by 18.4% in the 3rd quarter. Independent Advisor Alliance now owns 7,788 shares of the company’s stock valued at $293,000 after purchasing an additional 1,211 shares during the period. OneAscent Financial Services LLC lifted its holdings in shares of Inspire Faithward Mid Cap Momentum ETF by 3.1% in the third quarter. OneAscent Financial Services LLC now owns 186,612 shares of the company’s stock valued at $7,074,000 after purchasing an additional 5,672 shares in the last quarter. Harbour Investments Inc. bought a new stake in shares of Inspire Faithward Mid Cap Momentum ETF in the third quarter valued at about $506,000. Finally, Valmark Advisers Inc. bought a new stake in shares of Inspire Faithward Mid Cap Momentum ETF in the third quarter valued at about $947,000. Institutional investors own 72.93% of the company’s stock.

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.