Inspire Tactical Balanced ETF (NYSEARCA:RISN) Short Interest Update

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,221 shares, an increase of 261.2% from the May 31st total of 338 shares. Based on an average trading volume of 48,266 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of Inspire Tactical Balanced ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc purchased a new position in Inspire Tactical Balanced ETF during the 1st quarter worth $79,000. Root Financial Partners LLC acquired a new position in shares of Inspire Tactical Balanced ETF during the first quarter worth about $90,000. Nations Financial Group Inc. IA ADV increased its stake in shares of Inspire Tactical Balanced ETF by 52.4% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 47,651 shares of the company’s stock worth $1,384,000 after acquiring an additional 16,380 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its holdings in Inspire Tactical Balanced ETF by 2.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 132,222 shares of the company’s stock worth $3,840,000 after purchasing an additional 3,019 shares in the last quarter.

Inspire Tactical Balanced ETF Price Performance

Shares of NYSEARCA RISN traded up $0.14 during midday trading on Friday, hitting $30.53. 4,077 shares of the company’s stock were exchanged, compared to its average volume of 11,910. The firm’s fifty day simple moving average is $30.12 and its 200-day simple moving average is $29.78. The company has a market cap of $86.40 million, a PE ratio of 18.72 and a beta of 0.54. Inspire Tactical Balanced ETF has a twelve month low of $27.10 and a twelve month high of $31.37.

Inspire Tactical Balanced ETF Company Profile

The Inspire Tactical Large Cap ESG ETF (RISN) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed fund that tactically shift exposure between US equities and treasurys, or other defensive assets, that are screened for biblically-aligned criteria as defined by the Issuer. RISN was launched on Jul 15, 2020 and is managed by Inspire.