Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Short Interest Update

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 31,640 shares, a growth of 179.8% from the May 31st total of 11,309 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 42,397 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Valmark Advisers Inc. acquired a new position in Inspire Faithward Mid Cap Momentum ETF during the 4th quarter worth approximately $882,000. CWM LLC lifted its stake in shares of Inspire Faithward Mid Cap Momentum ETF by 244.3% in the 4th quarter. CWM LLC now owns 93,370 shares of the company’s stock valued at $3,345,000 after acquiring an additional 66,250 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of Inspire Faithward Mid Cap Momentum ETF by 6.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 334,460 shares of the company’s stock valued at $11,980,000 after acquiring an additional 19,586 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of Inspire Faithward Mid Cap Momentum ETF by 1,205.9% during the 4th quarter. Harbour Investments Inc. now owns 46,596 shares of the company’s stock valued at $1,669,000 after acquiring an additional 43,028 shares in the last quarter. Finally, Summit Wealth Group LLC Co. acquired a new stake in shares of Inspire Faithward Mid Cap Momentum ETF during the 4th quarter valued at $353,000. Institutional investors own 72.93% of the company’s stock.

Inspire Faithward Mid Cap Momentum ETF Price Performance

GLRY traded down $0.62 during trading on Friday, hitting $41.98. 22,228 shares of the stock traded hands, compared to its average volume of 25,748. The business has a 50 day moving average price of $41.46 and a 200 day moving average price of $39.11. Inspire Faithward Mid Cap Momentum ETF has a twelve month low of $32.53 and a twelve month high of $43.34. The company has a market cap of $159.52 million, a price-to-earnings ratio of 18.98 and a beta of 1.03.

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.