Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Stock Short Interest Jumps 143.4%

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 18,012 shares, a growth of 143.4% from the September 30th total of 7,401 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 22,025 shares, the days-to-cover ratio is presently 0.8 days.

Inspire Faithward Mid Cap Momentum ETF Stock Performance

NYSEARCA:GLRY traded down $0.64 on Friday, hitting $36.56. 19,734 shares of the stock were exchanged, compared to its average volume of 22,378. The stock has a market capitalization of $155.38 million, a price-to-earnings ratio of 18.98 and a beta of 1.03. Inspire Faithward Mid Cap Momentum ETF has a 52 week low of $34.38 and a 52 week high of $43.79. The company’s 50-day moving average price is $38.11 and its 200 day moving average price is $39.61.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GLRY. Continuum Advisory LLC bought a new stake in shares of Inspire Faithward Mid Cap Momentum ETF during the 2nd quarter valued at $37,000. Ameritas Advisory Services LLC purchased a new stake in shares of Inspire Faithward Mid Cap Momentum ETF in the 2nd quarter worth approximately $84,000. First Heartland Consultants Inc. purchased a new position in Inspire Faithward Mid Cap Momentum ETF in the second quarter worth about $231,000. EverSource Wealth Advisors LLC raised its holdings in shares of Inspire Faithward Mid Cap Momentum ETF by 47.9% during the first quarter. EverSource Wealth Advisors LLC now owns 6,058 shares of the company’s stock valued at $225,000 after purchasing an additional 1,963 shares during the last quarter. Finally, Revisor Wealth Management LLC bought a new stake in shares of Inspire Faithward Mid Cap Momentum ETF during the 1st quarter valued at $270,000. Institutional investors and hedge funds 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.