Short Interest in Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Declines By 60.5%

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 6,907 shares, a drop of 60.5% from the February 12th total of 17,482 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 21,542 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 21,542 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Inspire Faithward Mid Cap Momentum ETF Trading Down 0.3%

NYSEARCA:GLRY opened at $38.34 on Wednesday. The company has a market capitalization of $140.71 million, a P/E ratio of 18.98 and a beta of 0.96. Inspire Faithward Mid Cap Momentum ETF has a 12 month low of $25.24 and a 12 month high of $40.27. The firm has a fifty day simple moving average of $38.19 and a 200-day simple moving average of $36.98.

Inspire Faithward Mid Cap Momentum ETF Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Assetmark Inc. purchased a new position in shares of Inspire Faithward Mid Cap Momentum ETF in the third quarter worth about $35,000. Inspire Investing LLC purchased a new stake in Inspire Faithward Mid Cap Momentum ETF in the fourth quarter valued at approximately $40,000. EverSource Wealth Advisors LLC increased its holdings in Inspire Faithward Mid Cap Momentum ETF by 224.8% in the 3rd 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. Geneos Wealth Management Inc. increased its holdings in Inspire Faithward Mid Cap Momentum ETF by 22.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,449 shares of the company’s stock worth $71,000 after buying an additional 445 shares during the period. Finally, Centaurus Financial Inc. purchased a new position in Inspire Faithward Mid Cap Momentum ETF during the 3rd quarter worth approximately $109,000. 72.93% of the stock is 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.