Inspire 100 ETF (NYSEARCA:BIBL) Sees Large Drop in Short Interest

Inspire 100 ETF (NYSEARCA:BIBL) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 41,887 shares, a drop of 23.9% from the January 29th total of 55,060 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 58,703 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 58,703 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the shares of the company are short sold.

Inspire 100 ETF Price Performance

NYSEARCA:BIBL traded down $0.08 during trading hours on Monday, hitting $50.15. 17,110 shares of the company were exchanged, compared to its average volume of 57,301. The company’s 50 day moving average price is $48.02 and its 200-day moving average price is $45.65. The stock has a market capitalization of $396.19 million, a price-to-earnings ratio of 25.68 and a beta of 1.11. Inspire 100 ETF has a 52-week low of $32.72 and a 52-week high of $50.74.

Inspire 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were paid a $0.0961 dividend. This represents a $0.38 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, December 17th.

Institutional Trading of Inspire 100 ETF

Several large investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its holdings in shares of Inspire 100 ETF by 16.8% during the third quarter. NewEdge Advisors LLC now owns 2,044 shares of the company’s stock worth $91,000 after purchasing an additional 294 shares during the last quarter. Continuum Advisory LLC grew its position in Inspire 100 ETF by 6.5% during the 4th quarter. Continuum Advisory LLC now owns 6,085 shares of the company’s stock worth $275,000 after purchasing an additional 370 shares during the period. GPS Wealth Strategies Group LLC raised its stake in shares of Inspire 100 ETF by 25.6% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,190 shares of the company’s stock valued at $91,000 after buying an additional 447 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Inspire 100 ETF by 62.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,296 shares of the company’s stock valued at $58,000 after buying an additional 500 shares during the period. Finally, Community Financial Services Group LLC lifted its holdings in shares of Inspire 100 ETF by 13.3% in the 4th quarter. Community Financial Services Group LLC now owns 5,180 shares of the company’s stock valued at $234,000 after buying an additional 607 shares during the period.

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.