Short Interest in Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Drops By 53.2%

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRYGet Free Report) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 14,818 shares, a decline of 53.2% from the June 15th total of 31,640 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 15,785 shares, the short-interest ratio is currently 0.9 days.

Inspire Faithward Mid Cap Momentum ETF Stock Performance

Shares of NYSEARCA:GLRY traded down $0.46 on Wednesday, hitting $41.60. 26,336 shares of the company’s stock were exchanged, compared to its average volume of 25,766. Inspire Faithward Mid Cap Momentum ETF has a 1-year low of $32.53 and a 1-year high of $43.79. The company has a market capitalization of $167.65 million, a PE ratio of 18.98 and a beta of 1.01. The firm’s 50-day moving average is $41.68 and its 200 day moving average is $39.64.

Hedge Funds Weigh In On Inspire Faithward Mid Cap Momentum ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC purchased a new stake in Inspire Faithward Mid Cap Momentum ETF in the fourth quarter valued at approximately $40,000. Assetmark Inc. grew its holdings in Inspire Faithward Mid Cap Momentum ETF by 100.5% during the fourth quarter. Assetmark Inc. now owns 1,861 shares of the company’s stock worth $67,000 after acquiring an additional 933 shares during the period. Geneos Wealth Management Inc. raised its position in Inspire Faithward Mid Cap Momentum ETF by 22.2% in the first quarter. Geneos Wealth Management Inc. now owns 2,449 shares of the company’s stock worth $71,000 after acquiring an additional 445 shares in the last quarter. Centaurus Financial Inc. purchased a new position in Inspire Faithward Mid Cap Momentum ETF in the third quarter worth $109,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Inspire Faithward Mid Cap Momentum ETF by 156.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,095 shares of the company’s stock valued at $147,000 after acquiring an additional 2,497 shares during the period. 72.93% of the stock is currently owned by hedge funds and other institutional investors.

About Inspire Faithward Mid Cap Momentum ETF

(Get Free Report)

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.

Further Reading

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