Short Interest in Inspire 100 ETF (NYSEARCA:BIBL) Decreases By 55.7%

by · The Cerbat Gem

Inspire 100 ETF (NYSEARCA:BIBL – Get Free Report) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 79,662 shares, a decline of 55.7% from the June 15th total of 179,988 shares. Based on an average daily volume of 52,710 shares, the short-interest ratio is presently 1.5 days. Currently, 0.9% of the shares of the stock are sold short.

Inspire 100 ETF Price Performance

Shares of BIBL traded down $0.70 during trading hours on Wednesday, hitting $55.46. The stock had a trading volume of 26,041 shares, compared to its average volume of 59,706. The stock has a market capitalization of $496.37 million, a price-to-earnings ratio of 25.68 and a beta of 1.10. The company’s fifty day moving average is $54.96 and its two-hundred day moving average is $51.04. Inspire 100 ETF has a 52 week low of $41.20 and a 52 week high of $58.17.

Institutional Trading of Inspire 100 ETF

Large investors have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised its position in Inspire 100 ETF by 14.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 266,844 shares of the company’s stock worth $12,043,000 after purchasing an additional 33,334 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in shares of Inspire 100 ETF in the 1st quarter valued at $1,316,000. United Capital Financial Advisors LLC increased its stake in shares of Inspire 100 ETF by 24.8% in the 3rd quarter. United Capital Financial Advisors LLC now owns 112,426 shares of the company’s stock valued at $4,995,000 after buying an additional 22,357 shares during the period. Nations Financial Group Inc. IA ADV raised its position in shares of Inspire 100 ETF by 18.6% during the first quarter. Nations Financial Group Inc. IA ADV now owns 81,087 shares of the company’s stock worth $3,823,000 after acquiring an additional 12,718 shares during the last quarter. Finally, PVG Asset Management Corp bought a new stake in shares of Inspire 100 ETF during the fourth quarter worth $268,000.

About Inspire 100 ETF

(Get Free Report)

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.

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