Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Short Interest Up 110.8% in April

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 28,709 shares, an increase of 110.8% from the April 15th total of 13,619 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 32,575 shares, the days-to-cover ratio is currently 0.9 days.

Inspire Faithward Mid Cap Momentum ETF Stock Performance

Inspire Faithward Mid Cap Momentum ETF stock traded down $1.03 during trading hours on Friday, reaching $40.35. 15,521 shares of the stock were exchanged, compared to its average volume of 25,669. The stock has a market cap of $153.33 million, a P/E ratio of 18.98 and a beta of 1.04. Inspire Faithward Mid Cap Momentum ETF has a 52-week low of $30.97 and a 52-week high of $41.90. The firm’s 50 day moving average is $39.33 and its 200 day moving average is $37.99.

Hedge Funds Weigh In On Inspire Faithward Mid Cap Momentum ETF

A number of large investors have recently bought and sold shares of GLRY. Goldman Sachs Group Inc. purchased a new position in Inspire Faithward Mid Cap Momentum ETF during the 1st quarter worth $586,000. Geneos Wealth Management Inc. increased its holdings in shares of Inspire Faithward Mid Cap Momentum ETF by 22.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,449 shares of the company’s stock valued at $71,000 after purchasing an additional 445 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Inspire Faithward Mid Cap Momentum ETF by 16.7% in the 2nd quarter. Osaic Holdings Inc. now owns 12,116 shares of the company’s stock valued at $399,000 after purchasing an additional 1,732 shares in the last quarter. Nations Financial Group Inc. IA ADV purchased a new position in shares of Inspire Faithward Mid Cap Momentum ETF in the 3rd quarter valued at about $1,056,000. Finally, Inspire Advisors LLC increased its holdings in shares of Inspire Faithward Mid Cap Momentum ETF by 1.6% in the 3rd quarter. Inspire Advisors LLC now owns 194,847 shares of the company’s stock valued at $7,248,000 after purchasing an additional 3,027 shares in the last quarter. Hedge funds and other 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.