Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Sees Significant Drop in Short Interest
by Jessica Moore · The Cerbat GemInspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY – Get Free Report) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 8,461 shares, a decrease of 17.5% from the March 15th total of 10,252 shares. Based on an average daily volume of 20,202 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV acquired a new position in shares of Inspire Faithward Mid Cap Momentum ETF in the third quarter valued at approximately $1,056,000. OneAscent Financial Services LLC increased its position in Inspire Faithward Mid Cap Momentum ETF by 47.4% during the 3rd quarter. OneAscent Financial Services LLC now owns 214,160 shares of the company’s stock valued at $7,967,000 after purchasing an additional 68,856 shares during the period. Inspire Advisors LLC increased its position in Inspire Faithward Mid Cap Momentum ETF by 1.6% during the 3rd quarter. Inspire Advisors LLC now owns 194,847 shares of the company’s stock valued at $7,248,000 after purchasing an additional 3,027 shares during the period. CWM LLC increased its position in Inspire Faithward Mid Cap Momentum ETF by 9.8% during the 3rd quarter. CWM LLC now owns 27,120 shares of the company’s stock valued at $1,009,000 after purchasing an additional 2,428 shares during the period. Finally, Focus Financial Network Inc. acquired a new stake in Inspire Faithward Mid Cap Momentum ETF during the 3rd quarter valued at approximately $267,000. Institutional investors and hedge funds own 72.93% of the company’s stock.
Inspire Faithward Mid Cap Momentum ETF Stock Down 0.1%
Shares of GLRY stock traded down $0.06 on Thursday, reaching $40.49. The company had a trading volume of 19,740 shares, compared to its average volume of 25,101. The stock has a market capitalization of $157.91 million, a PE ratio of 18.98 and a beta of 1.02. Inspire Faithward Mid Cap Momentum ETF has a one year low of $27.19 and a one year high of $40.84. The business’s 50-day moving average is $38.47 and its 200 day moving average is $37.39.
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.