Inspire 100 ETF (NYSEARCA:BIBL) Shares Shorted: Short Interest Up 160.1% in October

Inspire 100 ETF (NYSEARCA:BIBL) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 38,116 shares, an increase of 160.1% from the September 30th total of 14,657 shares. Based on an average trading volume of 77,047 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Trading of Inspire 100 ETF

Large investors have recently made changes to their positions in the company. RMG Wealth Management LLC acquired a new position in shares of Inspire 100 ETF in the 1st quarter valued at $1,316,000. Farther Finance Advisors LLC grew its holdings in shares of Inspire 100 ETF by 12.4% during the third quarter. Farther Finance Advisors LLC now owns 11,849 shares of the company’s stock worth $641,000 after buying an additional 1,311 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Inspire 100 ETF in the first quarter valued at about $94,000. Peoples Financial Services CORP. purchased a new position in Inspire 100 ETF in the third quarter worth $41,000. Finally, North Star Investment Management Corp. purchased a new position in Inspire 100 ETF in the third quarter valued at about $30,000.

Inspire 100 ETF Stock Down 1.7%

BIBL stock traded down $0.94 during trading on Friday, reaching $52.82. The company’s stock had a trading volume of 40,223 shares, compared to its average volume of 54,389. The company has a market capitalization of $504.43 million, a P/E ratio of 25.68 and a beta of 1.11. The company’s fifty day moving average is $54.58 and its 200-day moving average is $52.75. Inspire 100 ETF has a 1 year low of $43.21 and a 1 year high of $58.17.

Inspire 100 ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 25th were issued a $0.1032 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.8%.

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.