Inspire 100 ETF (NYSEARCA:BIBL) Short Interest Down 18.1% in February

Inspire 100 ETF (NYSEARCA:BIBL) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 34,325 shares, a drop of 18.1% from the February 12th total of 41,887 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 58,771 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 58,771 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are short sold.

Inspire 100 ETF Price Performance

Shares of NYSEARCA:BIBL opened at $48.17 on Wednesday. The company has a market capitalization of $380.54 million, a PE ratio of 25.68 and a beta of 1.11. The business has a fifty day moving average price of $48.67 and a two-hundred day moving average price of $46.14. Inspire 100 ETF has a 1 year low of $32.72 and a 1 year high of $50.74.

Hedge Funds Weigh In On Inspire 100 ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in Inspire 100 ETF by 62.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,296 shares of the company’s stock worth $58,000 after buying an additional 500 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Inspire 100 ETF by 16.8% in the third quarter. NewEdge Advisors LLC now owns 2,044 shares of the company’s stock valued at $91,000 after acquiring an additional 294 shares during the last quarter. Community Financial Services Group LLC boosted its stake in Inspire 100 ETF by 13.3% in the fourth quarter. Community Financial Services Group LLC now owns 5,180 shares of the company’s stock valued at $234,000 after acquiring an additional 607 shares during the last quarter. PVG Asset Management Corp bought a new position in shares of Inspire 100 ETF during the 4th quarter valued at approximately $268,000. Finally, Continuum Advisory LLC grew its position in shares of Inspire 100 ETF by 6.5% during the 4th quarter. Continuum Advisory LLC now owns 6,085 shares of the company’s stock valued at $275,000 after acquiring an additional 370 shares during the period.

Inspire 100 ETF Company Profile

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.