Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Shares Shorted: Short Interest Up 143.4% in October

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 18,012 shares, an increase of 143.4% from the September 30th total of 7,401 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 22,025 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GLRY. Carlson Financial Inc. raised its position in shares of Inspire Faithward Mid Cap Momentum ETF by 5.2% in the second quarter. Carlson Financial Inc. now owns 29,767 shares of the company’s stock valued at $1,301,000 after buying an additional 1,467 shares in the last quarter. Valmark Advisers Inc. grew its position in Inspire Faithward Mid Cap Momentum ETF by 2.2% during the first quarter. Valmark Advisers Inc. now owns 25,180 shares of the company’s stock worth $934,000 after buying an additional 549 shares in the last quarter. Focus Financial Network Inc. grew its position in Inspire Faithward Mid Cap Momentum ETF by 4.0% during the second quarter. Focus Financial Network Inc. now owns 11,156 shares of the company’s stock worth $487,000 after buying an additional 428 shares in the last quarter. Citadel Advisors LLC bought a new position in Inspire Faithward Mid Cap Momentum ETF during the 2nd quarter worth $451,000. Finally, IFP Advisors Inc increased its stake in Inspire Faithward Mid Cap Momentum ETF by 1,182.1% during the 3rd quarter. IFP Advisors Inc now owns 8,885 shares of the company’s stock worth $337,000 after acquiring an additional 8,192 shares during the period. Institutional investors and hedge funds own 72.93% of the company’s stock.

Inspire Faithward Mid Cap Momentum ETF Stock Performance

Shares of GLRY stock traded down $0.54 on Friday, hitting $36.66. The company’s stock had a trading volume of 22,937 shares, compared to its average volume of 22,410. The stock’s 50 day moving average is $38.05 and its 200-day moving average is $39.60. Inspire Faithward Mid Cap Momentum ETF has a fifty-two week low of $34.38 and a fifty-two week high of $43.79. The company has a market capitalization of $155.81 million, a PE ratio of 18.98 and a beta of 1.03.

About Inspire Faithward Mid Cap Momentum ETF

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.