Inspire 100 ETF (NYSEARCA:BIBL) Shares Shorted: Short Interest Up 160.1% in October

Inspire 100 ETF (NYSEARCA:BIBL) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 38,116 shares, a growth of 160.1% from the September 30th total of 14,657 shares. Based on an average trading volume of 77,047 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Trading of Inspire 100 ETF

Several hedge funds have recently added to or reduced their stakes in BIBL. North Star Investment Management Corp. purchased a new stake in shares of Inspire 100 ETF during the third quarter worth about $30,000. Peoples Financial Services CORP. purchased a new position in Inspire 100 ETF during the 3rd quarter valued at about $41,000. Farther Finance Advisors LLC increased its holdings in Inspire 100 ETF by 12.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 11,849 shares of the company’s stock valued at $641,000 after purchasing an additional 1,311 shares during the period. Root Financial Partners LLC purchased a new position in Inspire 100 ETF during the 3rd quarter valued at about $83,000. Finally, RMG Wealth Management LLC bought a new position in Inspire 100 ETF during the 1st quarter valued at approximately $1,316,000.

Inspire 100 ETF Stock Performance

BIBL stock opened at $52.82 on Friday. The company has a market capitalization of $504.43 million, a PE ratio of 25.68 and a beta of 1.11. Inspire 100 ETF has a one year low of $43.21 and a one year high of $58.17. The company’s 50 day moving average price is $54.53 and its two-hundred day moving average price is $52.78.

Inspire 100 ETF Announces Dividend

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

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.