Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Short Interest Down 38.9% in May

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 17,533 shares, a decline of 38.9% from the April 30th total of 28,709 shares. Based on an average daily volume of 22,056 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.5% of the shares of the stock are short sold.

Inspire Faithward Mid Cap Momentum ETF Price Performance

Shares of GLRY stock traded down $0.33 during trading hours on Wednesday, hitting $41.40. 924 shares of the company’s stock were exchanged, compared to its average volume of 24,397. The stock’s 50-day moving average is $39.99 and its 200-day moving average is $38.31. The stock has a market cap of $157.32 million, a price-to-earnings ratio of 18.98 and a beta of 1.04. Inspire Faithward Mid Cap Momentum ETF has a 52 week low of $31.95 and a 52 week high of $42.59.

Institutional Investors Weigh In On Inspire Faithward Mid Cap Momentum ETF

Hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. bought a new position in shares of Inspire Faithward Mid Cap Momentum ETF in the third quarter worth about $35,000. Inspire Investing LLC acquired a new stake in shares of Inspire Faithward Mid Cap Momentum ETF in the fourth quarter valued at approximately $40,000. EverSource Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 1,106 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Inspire Faithward Mid Cap Momentum ETF by 22.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,449 shares of the company’s stock worth $71,000 after purchasing an additional 445 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in Inspire Faithward Mid Cap Momentum ETF during the 3rd quarter worth $109,000. 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.