Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Sees Large Decline in Short Interest

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 11,309 shares, a decrease of 35.5% from the May 14th total of 17,533 shares. Based on an average daily volume of 16,131 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the company’s stock are sold short.

Inspire Faithward Mid Cap Momentum ETF Stock Up 1.4%

Shares of GLRY traded up $0.60 during mid-day trading on Wednesday, hitting $42.74. 3,528 shares of the company’s stock were exchanged, compared to its average volume of 26,215. The firm has a fifty day moving average of $40.98 and a two-hundred day moving average of $38.78. Inspire Faithward Mid Cap Momentum ETF has a twelve month low of $31.95 and a twelve month high of $43.29. The stock has a market cap of $162.41 million, a price-to-earnings ratio of 18.98 and a beta of 1.03.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. increased its stake in shares of Inspire Faithward Mid Cap Momentum ETF by 22.2% during 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. Valmark Advisers Inc. increased its stake in shares of Inspire Faithward Mid Cap Momentum ETF by 2.2% during the 1st quarter. Valmark Advisers Inc. now owns 25,180 shares of the company’s stock worth $934,000 after purchasing an additional 549 shares during the last quarter. Assetmark Inc. acquired a new position in shares of Inspire Faithward Mid Cap Momentum ETF during the 3rd quarter worth $35,000. EverSource Wealth Advisors LLC grew its stake in Inspire Faithward Mid Cap Momentum ETF by 224.8% in the 3rd 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 last quarter. Finally, Inspire Investing LLC acquired a new position in Inspire Faithward Mid Cap Momentum ETF in the 4th quarter valued at $40,000. 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.