Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Sees Significant Growth in Short Interest

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 19,292 shares, a growth of 246.0% from the November 30th total of 5,576 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 24,910 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 24,910 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.7% of the company’s shares are sold short.

Inspire Faithward Mid Cap Momentum ETF Stock Down 0.4%

Shares of GLRY stock traded down $0.13 during trading hours on Friday, hitting $36.75. 4,664 shares of the company were exchanged, compared to its average volume of 18,801. The firm has a fifty day moving average of $36.43 and a 200 day moving average of $35.17. Inspire Faithward Mid Cap Momentum ETF has a 1 year low of $25.24 and a 1 year high of $38.04. The firm has a market cap of $102.90 million, a PE ratio of 18.98 and a beta of 0.96.

Inspire Faithward Mid Cap Momentum ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were paid a dividend of $0.0079 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.03 annualized dividend and a dividend yield of 0.1%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new stake in Inspire Faithward Mid Cap Momentum ETF during the third quarter worth about $35,000. EverSource Wealth Advisors LLC raised its holdings in Inspire Faithward Mid Cap Momentum ETF by 224.8% in the third quarter. EverSource Wealth Advisors LLC now owns 1,598 shares of the company’s stock valued at $59,000 after buying an additional 1,106 shares during the period. Ameritas Advisory Services LLC purchased a new position in Inspire Faithward Mid Cap Momentum ETF in the second quarter valued at approximately $63,000. Geneos Wealth Management Inc. lifted its position in Inspire Faithward Mid Cap Momentum ETF by 22.2% during the first quarter. Geneos Wealth Management Inc. now owns 2,449 shares of the company’s stock valued at $71,000 after buying an additional 445 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new position in shares of Inspire Faithward Mid Cap Momentum ETF in the 3rd quarter valued at $109,000. 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.