Inspire 100 ETF (NYSEARCA:BIBL – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 32,832 shares, a drop of 61.5% from the July 15th total of 85,346 shares. Based on an average trading volume of 42,927 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.4% of the company’s shares are short sold.
Hedge Funds Weigh In On Inspire 100 ETF
Institutional investors have recently bought and sold shares of the company. RMG Wealth Management LLC acquired a new position in Inspire 100 ETF in the 1st quarter valued at about $1,316,000. Root Financial Partners LLC purchased a new stake in shares of Inspire 100 ETF during the 1st quarter valued at approximately $94,000. AdvisorNet Financial Inc purchased a new stake in shares of Inspire 100 ETF during the 1st quarter valued at approximately $42,000. Nations Financial Group Inc. IA ADV lifted its holdings in Inspire 100 ETF by 18.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 81,087 shares of the company’s stock valued at $3,823,000 after acquiring an additional 12,718 shares during the last quarter. Finally, Continuum Advisory LLC grew its position in Inspire 100 ETF by 6.5% in the fourth quarter. Continuum Advisory LLC now owns 6,085 shares of the company’s stock worth $275,000 after acquiring an additional 370 shares during the period.
Inspire 100 ETF Trading Up 0.0%
Shares of BIBL stock opened at $57.19 on Friday. The company’s 50-day moving average price is $55.75 and its 200-day moving average price is $52.31. The stock has a market cap of $503.27 million, a price-to-earnings ratio of 25.68 and a beta of 1.11. Inspire 100 ETF has a twelve month low of $42.24 and a twelve month high of $58.17.
About Inspire 100 ETF
The Inspire 100 ESG ETF (BIBL) is an exchange-traded fund that is based on the Inspire 100 index, a market-cap-weighted index of large-cap US stocks, selected based on a proprietary definition of biblical values. BIBL was launched on Oct 30, 2017 and is managed by Inspire.
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