Inspire 100 ETF (NYSEARCA:BIBL) Sees Large Decline in Short Interest

Inspire 100 ETF (NYSEARCA:BIBL) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 14,657 shares, a drop of 58.4% from the September 15th total of 35,233 shares. Based on an average trading volume of 48,056 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Inspire 100 ETF

Large investors have recently added to or reduced their stakes in the business. Nations Financial Group Inc. IA ADV grew its position in Inspire 100 ETF by 18.6% during the first quarter. Nations Financial Group Inc. IA ADV now owns 81,087 shares of the company’s stock worth $3,823,000 after buying an additional 12,718 shares in the last quarter. RMG Wealth Management LLC bought a new position in Inspire 100 ETF in the 1st quarter worth about $1,316,000. Farther Finance Advisors LLC increased its stake in Inspire 100 ETF by 12.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 11,849 shares of the company’s stock worth $641,000 after acquiring an additional 1,311 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Inspire 100 ETF in the 1st quarter valued at about $94,000. Finally, AdvisorNet Financial Inc purchased a new stake in shares of Inspire 100 ETF in the 1st quarter valued at about $42,000.

Inspire 100 ETF Stock Down 0.6%

NYSEARCA:BIBL traded down $0.32 during mid-day trading on Tuesday, hitting $54.83. 63,875 shares of the stock traded hands, compared to its average volume of 55,030. Inspire 100 ETF has a 12-month low of $43.21 and a 12-month high of $58.17. The company has a market cap of $515.40 million, a PE ratio of 25.68 and a beta of 1.11. The business’s 50-day moving average price is $55.35 and its 200 day moving average price is $54.16.

Inspire 100 ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 25th were given a $0.1032 dividend. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, September 25th.

Inspire 100 ETF Company Profile

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.