Short Interest in Inspire 100 ETF (NYSEARCA:BIBL) Declines By 15.0%

Inspire 100 ETF (NYSEARCA:BIBL) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 29,192 shares, a decrease of 15.0% from the February 26th total of 34,325 shares. Based on an average daily volume of 37,769 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the shares of the company are short sold.

Inspire 100 ETF Stock Down 1.5%

Shares of NYSEARCA:BIBL opened at $45.68 on Tuesday. The stock has a market capitalization of $360.87 million, a PE ratio of 25.68 and a beta of 1.11. The firm’s 50 day moving average price is $48.64 and its 200-day moving average price is $46.39. Inspire 100 ETF has a twelve month low of $32.72 and a twelve month high of $50.74.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Nations Financial Group Inc. IA ADV grew its position in shares of Inspire 100 ETF by 494.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 56,276 shares of the company’s stock valued at $2,500,000 after acquiring an additional 46,804 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Inspire 100 ETF by 3.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 86,727 shares of the company’s stock worth $3,853,000 after purchasing an additional 3,093 shares during the period. Creative Financial Designs Inc. ADV lifted its position in Inspire 100 ETF by 3.2% during the third quarter. Creative Financial Designs Inc. ADV now owns 233,510 shares of the company’s stock valued at $10,375,000 after purchasing an additional 7,314 shares in the last quarter. United Capital Financial Advisors LLC lifted its position in Inspire 100 ETF by 24.8% during the third quarter. United Capital Financial Advisors LLC now owns 112,426 shares of the company’s stock valued at $4,995,000 after purchasing an additional 22,357 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings 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 purchasing an additional 294 shares during the period.

About Inspire 100 ETF

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.