Short Interest in Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Declines By 53.2%

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 14,818 shares, a drop of 53.2% from the June 15th total of 31,640 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 15,785 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of Inspire Faithward Mid Cap Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Focus Financial Network Inc. increased its stake in shares of Inspire Faithward Mid Cap Momentum ETF by 4.0% in the second quarter. Focus Financial Network Inc. now owns 11,156 shares of the company’s stock worth $487,000 after buying an additional 428 shares during the period. 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 valued at $71,000 after buying an additional 445 shares during the last quarter. Valmark Advisers Inc. boosted its position in Inspire Faithward Mid Cap Momentum ETF by 2.2% during the 1st quarter. Valmark Advisers Inc. now owns 25,180 shares of the company’s stock valued at $934,000 after buying an additional 549 shares during the period. Assetmark Inc. boosted its position in Inspire Faithward Mid Cap Momentum ETF by 100.5% during the 4th quarter. Assetmark Inc. now owns 1,861 shares of the company’s stock valued at $67,000 after buying an additional 933 shares during the period. Finally, Inspire Investing LLC bought a new stake in Inspire Faithward Mid Cap Momentum ETF in the 4th quarter worth $40,000. Institutional investors own 72.93% of the company’s stock.

Inspire Faithward Mid Cap Momentum ETF Stock Down 1.2%

Shares of NYSEARCA GLRY traded down $0.51 during midday trading on Thursday, reaching $41.09. The company had a trading volume of 33,455 shares, compared to its average volume of 25,823. Inspire Faithward Mid Cap Momentum ETF has a one year low of $32.54 and a one year high of $43.79. The firm’s fifty day moving average price is $41.68 and its 200-day moving average price is $39.64. The stock has a market cap of $165.59 million, a PE ratio of 18.98 and a beta of 1.01.

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.