Inspire 100 ETF (NYSEARCA:BIBL) Short Interest Down 55.7% in June

Inspire 100 ETF (NYSEARCA:BIBL) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 79,662 shares, a drop of 55.7% from the June 15th total of 179,988 shares. Based on an average trading volume of 52,710 shares, the short-interest ratio is currently 1.5 days. Approximately 0.9% of the shares of the stock are short sold.

Inspire 100 ETF Trading Down 0.7%

Shares of BIBL stock traded down $0.41 during trading hours on Thursday, hitting $55.05. 24,323 shares of the company’s stock were exchanged, compared to its average volume of 59,433. The company has a market capitalization of $492.70 million, a PE ratio of 25.68 and a beta of 1.10. Inspire 100 ETF has a 12-month low of $41.43 and a 12-month high of $58.17. The business’s 50 day simple moving average is $54.96 and its 200-day simple moving average is $51.04.

Hedge Funds Weigh In On Inspire 100 ETF

A number of large investors have recently added to or reduced their stakes in BIBL. NewEdge Advisors LLC increased its stake in Inspire 100 ETF by 16.8% in the 3rd quarter. NewEdge Advisors LLC now owns 2,044 shares of the company’s stock worth $91,000 after purchasing an additional 294 shares during the period. Continuum Advisory LLC boosted its stake in shares of Inspire 100 ETF by 6.5% during the fourth quarter. Continuum Advisory LLC now owns 6,085 shares of the company’s stock valued at $275,000 after purchasing an additional 370 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Inspire 100 ETF by 62.8% in 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 last quarter. Community Financial Services Group LLC increased its stake in shares of Inspire 100 ETF by 13.3% in the fourth quarter. Community Financial Services Group LLC now owns 5,180 shares of the company’s stock worth $234,000 after buying an additional 607 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Inspire 100 ETF by 1.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 87,608 shares of the company’s stock worth $3,954,000 after buying an additional 881 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.