Inspire 100 ETF (NYSEARCA:BIBL – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 38,116 shares, an increase of 160.1% from the September 30th total of 14,657 shares. Based on an average daily 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.
Inspire 100 ETF Stock Performance
Inspire 100 ETF stock traded down $0.25 during trading on Thursday, hitting $53.76. The company’s stock had a trading volume of 34,165 shares, compared to its average volume of 54,498. The stock has a market capitalization of $513.41 million, a price-to-earnings ratio of 25.68 and a beta of 1.11. The stock’s fifty day moving average is $54.62 and its 200 day moving average is $52.72. Inspire 100 ETF has a 1-year low of $43.21 and a 1-year high of $58.17.
Inspire 100 ETF Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 25th were issued a $0.1032 dividend. 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%.
Institutional Trading of Inspire 100 ETF
Hedge funds have recently modified their holdings of the business. RMG Wealth Management LLC acquired a new position in Inspire 100 ETF during the 1st quarter worth $1,316,000. Farther Finance Advisors LLC raised its position in shares of Inspire 100 ETF by 12.4% during the third quarter. Farther Finance Advisors LLC now owns 11,849 shares of the company’s stock worth $641,000 after acquiring an additional 1,311 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Inspire 100 ETF in the 1st quarter valued at $94,000. Peoples Financial Services CORP. acquired a new position in shares of Inspire 100 ETF during the third quarter worth about $41,000. Finally, North Star Investment Management Corp. bought a new position in shares of Inspire 100 ETF in the 3rd quarter valued at about $30,000.
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.
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