Short Interest in Inspire 100 ETF (NYSEARCA:BIBL) Rises By 444.2%

Inspire 100 ETF (NYSEARCA:BIBL) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 179,988 shares, a growth of 444.2% from the May 31st total of 33,074 shares. Based on an average trading volume of 54,940 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.2% of the shares of the stock are short sold.

Inspire 100 ETF Stock Down 2.1%

BIBL traded down $1.18 during trading on Friday, reaching $56.25. The stock had a trading volume of 34,729 shares, compared to its average volume of 58,472. The firm has a market capitalization of $452.81 million, a price-to-earnings ratio of 25.68 and a beta of 1.12. Inspire 100 ETF has a 1-year low of $40.81 and a 1-year high of $57.49. The stock has a 50 day moving average of $53.93 and a two-hundred day moving average of $49.98.

Institutional Trading of Inspire 100 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC boosted its stake in Inspire 100 ETF by 16.8% during the third quarter. NewEdge Advisors LLC now owns 2,044 shares of the company’s stock valued at $91,000 after buying an additional 294 shares in the last quarter. Continuum Advisory LLC raised its position in Inspire 100 ETF by 6.5% in the fourth quarter. Continuum Advisory LLC now owns 6,085 shares of the company’s stock worth $275,000 after acquiring an additional 370 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Inspire 100 ETF by 62.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,296 shares of the company’s stock valued at $58,000 after acquiring an additional 500 shares during the last quarter. Community Financial Services Group LLC lifted its holdings in Inspire 100 ETF by 13.3% in the 4th 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. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Inspire 100 ETF by 1.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 87,608 shares of the company’s stock valued at $3,954,000 after purchasing an additional 881 shares in the last quarter.

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.