Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) Short Interest Up 27.1% in July

Inspire Faithward Mid Cap Momentum ETF (NYSEARCA:GLRY) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 18,300 shares, agrowthof27.1% from the July 15th total of 14,400 shares. Based on an average daily volume of 17,100 shares, the days-to-cover ratio is currently 1.1 days. Approximately0.8% of the shares of the company are sold short. Approximately0.8% of the shares of the company are sold short. Based on an average daily volume of 17,100 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On Inspire Faithward Mid Cap Momentum ETF

Several institutional investors and hedge funds have recently made changes to their positions in GLRY. Concourse Financial Group Securities Inc. grew its position in shares of Inspire Faithward Mid Cap Momentum ETF by 280.2% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 1,475 shares of the company’s stock valued at $49,000 after purchasing an additional 1,087 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Inspire Faithward Mid Cap Momentum ETF during the second quarter worth approximately $63,000. Geneos Wealth Management Inc. grew its position in Inspire Faithward Mid Cap Momentum ETF by 22.2% during the first quarter. Geneos Wealth Management Inc. now owns 2,449 shares of the company’s stock worth $71,000 after buying an additional 445 shares in the last quarter. Cyndeo Wealth Partners LLC acquired a new stake in Inspire Faithward Mid Cap Momentum ETF during the second quarter worth approximately $207,000. Finally, First Heartland Consultants Inc. grew its position in Inspire Faithward Mid Cap Momentum ETF by 5.8% during the fourth quarter. First Heartland Consultants Inc. now owns 6,800 shares of the company’s stock worth $210,000 after buying an additional 372 shares in the last quarter. Institutional investors and hedge funds own 72.93% of the company’s stock.

Inspire Faithward Mid Cap Momentum ETF Trading Up 0.9%

Inspire Faithward Mid Cap Momentum ETF stock opened at $34.41 on Friday. Inspire Faithward Mid Cap Momentum ETF has a 12 month low of $25.24 and a 12 month high of $34.99. The stock’s 50 day moving average is $33.31 and its 200-day moving average is $31.26. The company has a market capitalization of $79.14 million, a price-to-earnings ratio of 18.98 and a beta of 0.89.

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.