Short Interest in Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Declines By 60.5%

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) was the target of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 6,907 shares, a decrease of 60.5% from the February 12th total of 17,482 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 21,542 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 21,542 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Inspire Faithward Mid Cap Momentum ETF Price Performance

NYSEARCA:GLRY opened at $38.34 on Wednesday. The company’s fifty day moving average price is $38.19 and its 200-day moving average price is $36.98. Inspire Faithward Mid Cap Momentum ETF has a 1-year low of $25.24 and a 1-year high of $40.27. The firm has a market capitalization of $140.71 million, a P/E ratio of 18.98 and a beta of 0.96.

Inspire Faithward Mid Cap Momentum ETF Cuts Dividend

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

Hedge Funds Weigh In On Inspire Faithward Mid Cap Momentum ETF

A number of institutional investors have recently modified their holdings of the stock. Financial Advocates Investment Management boosted its stake in shares of Inspire Faithward Mid Cap Momentum ETF by 161.1% in the second quarter. Financial Advocates Investment Management now owns 18,974 shares of the company’s stock worth $625,000 after buying an additional 11,707 shares during the last quarter. Inspire Advisors LLC raised its position in Inspire Faithward Mid Cap Momentum ETF by 8.2% during the second quarter. Inspire Advisors LLC now owns 191,820 shares of the company’s stock valued at $6,319,000 after acquiring an additional 14,540 shares in the last quarter. Nations Financial Group Inc. IA ADV purchased a new position in Inspire Faithward Mid Cap Momentum ETF during the third quarter valued at approximately $1,056,000. AE Wealth Management LLC lifted its holdings in Inspire Faithward Mid Cap Momentum ETF by 26.4% in the second quarter. AE Wealth Management LLC now owns 15,749 shares of the company’s stock valued at $519,000 after acquiring an additional 3,292 shares during the period. Finally, OneAscent Financial Services LLC lifted its holdings in Inspire Faithward Mid Cap Momentum ETF by 47.4% in the third quarter. OneAscent Financial Services LLC now owns 214,160 shares of the company’s stock valued at $7,967,000 after acquiring an additional 68,856 shares during the period. Hedge funds and other institutional investors own 72.93% of the company’s stock.

Inspire Faithward Mid Cap Momentum ETF Company Profile

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.