Short Interest in Inspire 100 ETF (NYSEARCA:BIBL) Rises By 444.2%

Inspire 100 ETF (NYSEARCA:BIBL) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 179,988 shares, an increase of 444.2% from the May 31st total of 33,074 shares. Based on an average daily volume of 54,940 shares, the short-interest ratio is currently 3.3 days. Currently, 2.2% of the shares of the stock are sold short.

Inspire 100 ETF Stock Down 2.1%

NYSEARCA:BIBL traded down $1.18 during trading hours on Friday, reaching $56.25. 34,729 shares of the company’s stock were exchanged, compared to its average volume of 58,472. The company has a market capitalization of $452.81 million, a P/E ratio of 25.68 and a beta of 1.12. Inspire 100 ETF has a 12 month low of $40.81 and a 12 month high of $57.49. The business’s 50-day simple moving average is $53.93 and its two-hundred day simple moving average is $49.98.

Institutional Investors Weigh In On Inspire 100 ETF

Large investors have recently modified their holdings of the stock. AdvisorNet Financial Inc acquired a new position in shares of Inspire 100 ETF in the 1st quarter worth $42,000. Farther Finance Advisors LLC raised its position in shares of Inspire 100 ETF by 62.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,296 shares of the company’s stock worth $58,000 after purchasing an additional 500 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Inspire 100 ETF during the first quarter valued at $94,000. NewEdge Advisors LLC lifted 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 valued at $91,000 after purchasing an additional 294 shares during the last quarter. Finally, Community Financial Services Group LLC boosted its position 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 purchasing an additional 607 shares during the period.

Inspire 100 ETF Company Profile

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.