Inspire 100 ETF (NYSEARCA:BIBL) Short Interest Down 44.2% in July

Inspire 100 ETF (NYSEARCA:BIBL) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 40,700 shares, adropof44.2% from the July 15th total of 72,900 shares. Based on an average daily volume of 45,300 shares, the days-to-cover ratio is currently 0.9 days. Approximately0.5% of the company’s stock are sold short. Approximately0.5% of the company’s stock are sold short. Based on an average daily volume of 45,300 shares, the days-to-cover ratio is currently 0.9 days.

Inspire 100 ETF Trading Down 0.0%

Shares of BIBL opened at $42.48 on Wednesday. Inspire 100 ETF has a twelve month low of $32.72 and a twelve month high of $43.08. The firm’s fifty day simple moving average is $41.72 and its 200-day simple moving average is $39.87. The firm has a market capitalization of $331.34 million, a price-to-earnings ratio of 25.68 and a beta of 1.03.

Institutional Investors Weigh In On Inspire 100 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GPS Wealth Strategies Group LLC raised its holdings in shares of Inspire 100 ETF by 25.6% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,190 shares of the company’s stock valued at $91,000 after purchasing an additional 447 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in Inspire 100 ETF by 509.7% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 226,196 shares of the company’s stock worth $9,349,000 after acquiring an additional 189,094 shares in the last quarter. RMG Wealth Management LLC acquired a new stake in Inspire 100 ETF during the 2nd quarter worth $1,851,000. Vicus Capital raised its stake in Inspire 100 ETF by 12.3% during the 2nd quarter. Vicus Capital now owns 36,047 shares of the company’s stock worth $1,490,000 after acquiring an additional 3,950 shares in the last quarter. Finally, Community Financial Services Group LLC acquired a new stake in Inspire 100 ETF during the 2nd quarter worth $202,000.

About Inspire 100 ETF

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.