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

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 15,264 shares, a drop of 46.9% from the December 31st total of 28,723 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 42,794 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 42,794 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the company’s shares are sold short.

Inspire Faithward Mid Cap Momentum ETF Stock Performance

Shares of Inspire Faithward Mid Cap Momentum ETF stock traded down $1.36 during trading hours on Friday, hitting $37.41. The company’s stock had a trading volume of 17,258 shares, compared to its average volume of 33,328. The stock has a market cap of $137.29 million, a price-to-earnings ratio of 18.98 and a beta of 0.96. The firm has a fifty day moving average of $36.94 and a 200-day moving average of $36.01. Inspire Faithward Mid Cap Momentum ETF has a twelve month low of $25.24 and a twelve month high of $38.77.

Inspire Faithward Mid Cap Momentum ETF Cuts Dividend

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

Institutional Investors Weigh In On Inspire Faithward Mid Cap Momentum ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Faithward Advisors LLC increased its holdings in shares of Inspire Faithward Mid Cap Momentum ETF by 0.3% in the 2nd quarter. Faithward Advisors LLC now owns 780,883 shares of the company’s stock valued at $25,722,000 after acquiring an additional 2,574 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in Inspire Faithward Mid Cap Momentum ETF by 2.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 314,874 shares of the company’s stock valued at $11,713,000 after purchasing an additional 6,043 shares during the last quarter. OneAscent Financial Services LLC raised its holdings in Inspire Faithward Mid Cap Momentum ETF by 47.4% during the third quarter. OneAscent Financial Services LLC now owns 214,160 shares of the company’s stock worth $7,967,000 after purchasing an additional 68,856 shares in the last quarter. Inspire Advisors LLC lifted its position in shares of Inspire Faithward Mid Cap Momentum ETF by 1.6% during the 3rd quarter. Inspire Advisors LLC now owns 194,847 shares of the company’s stock worth $7,248,000 after buying an additional 3,027 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Inspire Faithward Mid Cap Momentum ETF by 244.3% during the 4th quarter. CWM LLC now owns 93,370 shares of the company’s stock worth $3,345,000 after buying an additional 66,250 shares during the last quarter. 72.93% of the stock is currently owned by institutional investors and hedge funds.

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.