Inspire Tactical Balanced ETF (NYSEARCA:RISN) Sees Large Decrease in Short Interest

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 363 shares, a decline of 12.1% from the December 31st total of 413 shares. Based on an average trading volume of 23,783 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 23,783 shares, the short-interest ratio is presently 0.0 days.

Inspire Tactical Balanced ETF Trading Up 1.7%

Shares of RISN stock opened at $30.15 on Thursday. Inspire Tactical Balanced ETF has a 12 month low of $23.55 and a 12 month high of $31.18. The company has a market capitalization of $88.04 million, a P/E ratio of 18.72 and a beta of 0.54. The stock has a 50 day moving average of $29.73 and a two-hundred day moving average of $29.27.

Inspire Tactical Balanced ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were paid a dividend of $0.073 per share. The ex-dividend date was Wednesday, December 17th. This represents a $0.29 dividend on an annualized basis and a yield of 1.0%.

Hedge Funds Weigh In On Inspire Tactical Balanced ETF

A hedge fund recently raised its stake in Inspire Tactical Balanced ETF stock. Creative Financial Designs Inc. ADV boosted its stake in shares of Inspire Tactical Balanced ETF (NYSEARCA:RISN) by 5,627.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,618 shares of the company’s stock after acquiring an additional 125,390 shares during the quarter. Creative Financial Designs Inc. ADV owned 4.15% of Inspire Tactical Balanced ETF worth $3,506,000 as of its most recent SEC filing.

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.