Short Interest in Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Grows By 179.8%

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 31,640 shares, a growth of 179.8% from the May 31st total of 11,309 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 42,397 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Inspire Faithward Mid Cap Momentum ETF

Several hedge funds have recently added to or reduced their stakes in GLRY. Goldman Sachs Group Inc. bought a new position in Inspire Faithward Mid Cap Momentum ETF during the first quarter worth about $586,000. Geneos Wealth Management Inc. raised its holdings in Inspire Faithward Mid Cap Momentum ETF by 22.2% during 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. Osaic Holdings Inc. lifted its position in Inspire Faithward Mid Cap Momentum ETF by 16.7% in the 2nd quarter. Osaic Holdings Inc. now owns 12,116 shares of the company’s stock valued at $399,000 after acquiring an additional 1,732 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position 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 valued at $59,000 after acquiring an additional 1,106 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in Inspire Faithward Mid Cap Momentum ETF by 2.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 314,874 shares of the company’s stock worth $11,713,000 after purchasing an additional 6,043 shares during the period. Institutional investors and hedge funds own 72.93% of the company’s stock.

Inspire Faithward Mid Cap Momentum ETF Stock Down 1.5%

NYSEARCA GLRY traded down $0.62 on Friday, reaching $41.98. The company had a trading volume of 22,228 shares, compared to its average volume of 25,748. The stock’s 50 day moving average is $41.46 and its 200-day moving average is $39.11. The stock has a market cap of $159.52 million, a price-to-earnings ratio of 18.98 and a beta of 1.03. Inspire Faithward Mid Cap Momentum ETF has a 52 week low of $32.53 and a 52 week high of $43.34.

Inspire Faithward Mid Cap Momentum ETF Company Profile

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.