Inspire 100 ETF (NYSEARCA:BIBL) Short Interest Down 23.9% in February

Inspire 100 ETF (NYSEARCA:BIBL) was the recipient of a significant drop in short interest in February. As of February 13th, there was short interest totaling 41,887 shares, a drop of 23.9% from the January 29th total of 55,060 shares. Based on an average daily volume of 58,703 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 58,703 shares, the days-to-cover ratio is presently 0.7 days.

Inspire 100 ETF Stock Down 0.2%

Inspire 100 ETF stock traded down $0.08 during mid-day trading on Monday, reaching $50.15. 17,110 shares of the company’s stock traded hands, compared to its average volume of 57,301. Inspire 100 ETF has a 12-month low of $32.72 and a 12-month high of $50.74. The stock has a 50 day moving average of $48.02 and a two-hundred day moving average of $45.65. The company has a market cap of $396.19 million, a price-to-earnings ratio of 25.68 and a beta of 1.11.

Inspire 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 17th were given a $0.0961 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $0.38 annualized dividend and a yield of 0.8%.

Institutional Investors Weigh In On Inspire 100 ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BIBL. Farther Finance Advisors LLC boosted its holdings in shares of Inspire 100 ETF by 62.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,296 shares of the company’s stock worth $58,000 after purchasing an additional 500 shares during the period. NewEdge Advisors LLC increased its position 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 acquiring an additional 294 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in shares of Inspire 100 ETF by 25.6% in the second quarter. GPS Wealth Strategies Group LLC now owns 2,190 shares of the company’s stock valued at $91,000 after acquiring an additional 447 shares during the period. Community Financial Services Group LLC raised its stake in shares of 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 period. Finally, PVG Asset Management Corp bought a new stake in shares of Inspire 100 ETF in the 4th quarter worth about $268,000.

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.