Inspire Tactical Balanced ETF (NYSEARCA:RISN – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 6,413 shares, a growth of 611.0% from the August 31st total of 902 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 4,940 shares, the days-to-cover ratio is currently 1.3 days.
Institutional Trading of Inspire Tactical Balanced ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nations Financial Group Inc. IA ADV raised its position in shares of Inspire Tactical Balanced ETF by 20.3% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 57,312 shares of the company’s stock worth $1,644,000 after acquiring an additional 9,661 shares in the last quarter. Root Financial Partners LLC bought a new stake in Inspire Tactical Balanced ETF during the first quarter valued at about $90,000. AdvisorNet Financial Inc purchased a new position in Inspire Tactical Balanced ETF in the first quarter valued at about $79,000. Finally, Continuum Advisory LLC purchased a new position in Inspire Tactical Balanced ETF in the second quarter valued at about $45,000.
Inspire Tactical Balanced ETF Stock Performance
Inspire Tactical Balanced ETF stock traded down $0.17 during midday trading on Thursday, hitting $30.29. 3,054 shares of the company’s stock were exchanged, compared to its average volume of 11,404. Inspire Tactical Balanced ETF has a 12 month low of $28.16 and a 12 month high of $32.25. The firm has a 50-day moving average of $31.08 and a two-hundred day moving average of $30.33. The company has a market cap of $68.15 million, a PE ratio of 18.72 and a beta of 0.53.
About Inspire Tactical Balanced ETF
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.
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