Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Short Interest Up 48.4% in March

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 10,252 shares, an increase of 48.4% from the February 26th total of 6,907 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 21,790 shares, the short-interest ratio is currently 0.5 days.

Inspire Faithward Mid Cap Momentum ETF Trading Down 0.8%

NYSEARCA:GLRY traded down $0.30 during trading hours on Friday, hitting $36.46. The company’s stock had a trading volume of 21,140 shares, compared to its average volume of 25,419. The stock has a fifty day moving average of $38.30 and a 200-day moving average of $37.21. The stock has a market capitalization of $133.81 million, a P/E ratio of 18.98 and a beta of 0.96. Inspire Faithward Mid Cap Momentum ETF has a 52-week low of $25.24 and a 52-week high of $40.27.

Institutional Investors Weigh In On Inspire Faithward Mid Cap Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of GLRY. OneAscent Financial Services LLC raised its position in Inspire Faithward Mid Cap Momentum ETF by 47.4% in the 3rd quarter. OneAscent Financial Services LLC now owns 214,160 shares of the company’s stock valued at $7,967,000 after purchasing an additional 68,856 shares during the last quarter. CWM LLC grew its position in Inspire Faithward Mid Cap Momentum ETF by 244.3% during the 4th quarter. CWM LLC now owns 93,370 shares of the company’s stock worth $3,345,000 after purchasing an additional 66,250 shares during the last quarter. Harbour Investments Inc. grew its position in Inspire Faithward Mid Cap Momentum ETF by 1,205.9% during the 4th quarter. Harbour Investments Inc. now owns 46,596 shares of the company’s stock worth $1,669,000 after purchasing an additional 43,028 shares during the last quarter. LPL Financial LLC increased its stake in Inspire Faithward Mid Cap Momentum ETF by 57.2% in the fourth quarter. LPL Financial LLC now owns 94,220 shares of the company’s stock valued at $3,375,000 after purchasing an additional 34,271 shares during the period. Finally, Nations Financial Group Inc. IA ADV acquired a new position in Inspire Faithward Mid Cap Momentum ETF in the third quarter valued at $1,056,000. 72.93% of the stock is currently 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.