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

Inspire Tactical Balanced ETF (NYSEARCA:RISN) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,637 shares, an increase of 1,121.6% from the January 29th total of 134 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 8,338 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 8,338 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Inspire Tactical Balanced ETF stock. Creative Financial Designs Inc. ADV grew its holdings in Inspire Tactical Balanced ETF (NYSEARCA:RISN) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 132,222 shares of the company’s stock after acquiring an additional 3,019 shares during the quarter. Creative Financial Designs Inc. ADV owned 4.53% of Inspire Tactical Balanced ETF worth $3,840,000 as of its most recent SEC filing.

Inspire Tactical Balanced ETF Price Performance

Shares of RISN traded up $0.19 during mid-day trading on Thursday, reaching $29.87. The company had a trading volume of 2,458 shares, compared to its average volume of 10,901. The company’s 50-day moving average is $29.83 and its 200-day moving average is $29.45. The company has a market capitalization of $87.22 million, a P/E ratio of 18.72 and a beta of 0.54. Inspire Tactical Balanced ETF has a twelve month low of $23.55 and a twelve month high of $31.18.

Inspire Tactical Balanced ETF Cuts Dividend

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

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.