Short Interest in Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Expands By 246.0%

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 19,292 shares, a growth of 246.0% from the November 30th total of 5,576 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 24,910 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 24,910 shares, the short-interest ratio is currently 0.8 days. Currently, 0.7% of the shares of the stock are short sold.

Inspire Faithward Mid Cap Momentum ETF Trading Down 0.4%

Shares of GLRY stock traded down $0.13 on Friday, reaching $36.75. The company’s stock had a trading volume of 4,664 shares, compared to its average volume of 18,801. The company has a market capitalization of $102.90 million, a price-to-earnings ratio of 18.98 and a beta of 0.96. The stock’s fifty day simple moving average is $36.43 and its 200-day simple moving average is $35.17. Inspire Faithward Mid Cap Momentum ETF has a 1 year low of $25.24 and a 1 year high of $38.04.

Inspire Faithward Mid Cap Momentum ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were issued a $0.0079 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.1%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. CWM LLC raised its position in Inspire Faithward Mid Cap Momentum ETF by 1.8% during the second quarter. CWM LLC now owns 24,692 shares of the company’s stock valued at $813,000 after purchasing an additional 430 shares during the period. Geneos Wealth Management Inc. raised its holdings in Inspire Faithward Mid Cap Momentum ETF by 22.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,449 shares of the company’s stock valued at $71,000 after buying an additional 445 shares during the period. Assetmark Inc. bought a new stake in Inspire Faithward Mid Cap Momentum ETF in the third quarter worth $35,000. EverSource Wealth Advisors LLC boosted its stake in Inspire Faithward Mid Cap Momentum ETF by 224.8% during the third quarter. EverSource Wealth Advisors LLC now owns 1,598 shares of the company’s stock worth $59,000 after buying an additional 1,106 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in Inspire Faithward Mid Cap Momentum ETF by 16.7% during the second quarter. Osaic Holdings Inc. now owns 12,116 shares of the company’s stock worth $399,000 after buying an additional 1,732 shares during the period. Institutional investors own 72.93% of the company’s stock.

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.