Inspire 100 ETF (NYSEARCA:BIBL) Sees Significant Increase in Short Interest

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

Inspire 100 ETF Stock Down 2.3%

Shares of Inspire 100 ETF stock traded down $1.32 on Friday, hitting $56.11. The stock had a trading volume of 52,121 shares, compared to its average volume of 58,650. The stock has a market cap of $451.69 million, a price-to-earnings ratio of 25.68 and a beta of 1.12. Inspire 100 ETF has a twelve month low of $40.81 and a twelve month high of $57.49. The business’s 50 day moving average is $54.03 and its two-hundred day moving average is $50.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BIBL. Creative Financial Designs Inc. ADV increased its position in Inspire 100 ETF by 14.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 266,844 shares of the company’s stock worth $12,043,000 after buying an additional 33,334 shares during the period. United Capital Financial Advisors LLC boosted its position in shares of Inspire 100 ETF by 24.8% in the third quarter. United Capital Financial Advisors LLC now owns 112,426 shares of the company’s stock valued at $4,995,000 after acquiring an additional 22,357 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Inspire 100 ETF by 1.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 87,608 shares of the company’s stock valued at $3,954,000 after acquiring an additional 881 shares during the period. Nations Financial Group Inc. IA ADV grew its stake in shares of Inspire 100 ETF by 18.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 81,087 shares of the company’s stock valued at $3,823,000 after acquiring an additional 12,718 shares in the last quarter. Finally, Vicus Capital grew its stake in shares of Inspire 100 ETF by 2.7% in the fourth quarter. Vicus Capital now owns 36,119 shares of the company’s stock valued at $1,630,000 after acquiring an additional 944 shares in the last quarter.

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.