Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Short Interest Up 140.9% in May

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 10,600 shares, an increase of 140.9% from the May 15th total of 4,400 shares. Based on an average daily volume of 18,800 shares, the short-interest ratio is presently 0.6 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. First Heartland Consultants Inc. increased its holdings in Inspire Faithward Mid Cap Momentum ETF by 5.8% in the 4th quarter. First Heartland Consultants Inc. now owns 6,800 shares of the company’s stock worth $210,000 after acquiring an additional 372 shares in the last quarter. OneAscent Financial Services LLC raised its position in shares of Inspire Faithward Mid Cap Momentum ETF by 0.3% during the 1st quarter. OneAscent Financial Services LLC now owns 134,738 shares of the company’s stock valued at $3,889,000 after buying an additional 429 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Inspire Faithward Mid Cap Momentum ETF by 22.2% in 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. IFP Advisors Inc lifted its position in Inspire Faithward Mid Cap Momentum ETF by 5.6% in the first quarter. IFP Advisors Inc now owns 10,678 shares of the company’s stock worth $308,000 after buying an additional 571 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Inspire Faithward Mid Cap Momentum ETF by 4.0% during the 1st quarter. CWM LLC now owns 24,262 shares of the company’s stock worth $700,000 after purchasing an additional 938 shares during the period.

Inspire Faithward Mid Cap Momentum ETF Stock Down 1.2%

Shares of Inspire Faithward Mid Cap Momentum ETF stock traded down $0.38 on Friday, reaching $32.20. The company’s stock had a trading volume of 3,935 shares, compared to its average volume of 14,227. The firm’s fifty day simple moving average is $30.47 and its two-hundred day simple moving average is $30.79. The company has a market capitalization of $71.81 million, a price-to-earnings ratio of 19.10 and a beta of 0.95. Inspire Faithward Mid Cap Momentum ETF has a 52 week low of $25.24 and a 52 week high of $33.15.

Inspire Faithward Mid Cap Momentum ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 27th were given a $0.0706 dividend. The ex-dividend date was Thursday, March 27th.

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.