Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Short Interest Down 38.9% in May

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 17,533 shares, a decline of 38.9% from the April 30th total of 28,709 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 22,056 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new position in shares of Inspire Faithward Mid Cap Momentum ETF during the 1st quarter worth approximately $586,000. Geneos Wealth Management Inc. lifted 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 purchasing an additional 445 shares during the last quarter. Osaic Holdings Inc. boosted its position in Inspire Faithward Mid Cap Momentum ETF by 16.7% during the second quarter. Osaic Holdings Inc. now owns 12,116 shares of the company’s stock worth $399,000 after purchasing an additional 1,732 shares during the period. AE Wealth Management LLC boosted its position in Inspire Faithward Mid Cap Momentum ETF by 25.1% during the third quarter. AE Wealth Management LLC now owns 19,700 shares of the company’s stock worth $733,000 after purchasing an additional 3,951 shares during the period. Finally, Assetmark Inc. acquired a new position in shares of Inspire Faithward Mid Cap Momentum ETF in the third quarter valued at $35,000. 72.93% of the stock is currently owned by institutional investors.

Inspire Faithward Mid Cap Momentum ETF Stock Performance

NYSEARCA:GLRY traded down $0.33 during mid-day trading on Wednesday, hitting $41.40. The stock had a trading volume of 924 shares, compared to its average volume of 24,397. Inspire Faithward Mid Cap Momentum ETF has a twelve month low of $31.95 and a twelve month high of $42.59. The stock has a market cap of $157.32 million, a price-to-earnings ratio of 18.98 and a beta of 1.04. The company’s 50 day simple moving average is $39.99 and its 200 day simple moving average is $38.31.

Inspire Faithward Mid Cap Momentum ETF Company Profile

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.