Short Interest in Inspire 100 ETF (NYSEARCA:BIBL) Grows By 88.6%

Inspire 100 ETF (NYSEARCA:BIBL) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 61,906 shares, a growth of 88.6% from the July 30th total of 32,832 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 44,040 shares, the short-interest ratio is presently 1.4 days.

Inspire 100 ETF Stock Up 0.2%

Shares of BIBL traded up $0.09 during mid-day trading on Monday, hitting $55.54. 50,041 shares of the company’s stock were exchanged, compared to its average volume of 55,735. The firm has a fifty day moving average of $55.92 and a two-hundred day moving average of $52.91. Inspire 100 ETF has a twelve month low of $42.45 and a twelve month high of $58.17. The stock has a market cap of $488.75 million, a price-to-earnings ratio of 25.68 and a beta of 1.11.

Hedge Funds Weigh In On Inspire 100 ETF

Several hedge funds have recently bought and sold shares of the business. Creative Financial Designs Inc. ADV grew its holdings in Inspire 100 ETF by 14.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 266,844 shares of the company’s stock valued at $12,043,000 after purchasing an additional 33,334 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in shares of Inspire 100 ETF in the first quarter worth $1,316,000. United Capital Financial Advisors LLC lifted its stake in shares of Inspire 100 ETF by 24.8% in the third quarter. United Capital Financial Advisors LLC now owns 112,426 shares of the company’s stock worth $4,995,000 after buying an additional 22,357 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in shares of Inspire 100 ETF by 18.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 81,087 shares of the company’s stock worth $3,823,000 after buying an additional 12,718 shares during the last quarter. Finally, Root Financial Partners LLC bought a new stake in shares of Inspire 100 ETF during the 1st quarter worth $94,000.

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.