Inspire 100 ETF (NYSEARCA:BIBL) Sees Large Decrease in Short Interest

Inspire 100 ETF (NYSEARCA:BIBL) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 14,657 shares, a decrease of 58.4% from the September 15th total of 35,233 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 48,056 shares, the days-to-cover ratio is presently 0.3 days.

Inspire 100 ETF Price Performance

NYSEARCA:BIBL traded down $0.32 on Tuesday, reaching $54.83. 63,875 shares of the company’s stock were exchanged, compared to its average volume of 55,030. The firm has a market cap of $515.40 million, a price-to-earnings ratio of 25.68 and a beta of 1.11. Inspire 100 ETF has a 52 week low of $43.21 and a 52 week high of $58.17. The stock has a fifty day simple moving average of $55.35 and a 200-day simple moving average of $54.16.

Inspire 100 ETF Announces Dividend

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

Institutional Trading of Inspire 100 ETF

A number of institutional investors have recently modified their holdings of BIBL. Farther Finance Advisors LLC raised its holdings in Inspire 100 ETF by 12.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 11,849 shares of the company’s stock valued at $641,000 after acquiring an additional 1,311 shares during the period. RMG Wealth Management LLC purchased a new stake in shares of Inspire 100 ETF during the first quarter worth $1,316,000. Root Financial Partners LLC purchased a new stake in shares of Inspire 100 ETF during the first quarter worth $94,000. AdvisorNet Financial Inc bought a new position in shares of Inspire 100 ETF in the first quarter worth $42,000. Finally, Nations Financial Group Inc. IA ADV boosted its holdings 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 acquiring an additional 12,718 shares during the period.

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.