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

Inspire Tactical Balanced ETF (NYSEARCA:RISN) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 5,491 shares, a growth of 349.7% from the June 15th total of 1,221 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 4,068 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AdvisorNet Financial Inc acquired a new stake in Inspire Tactical Balanced ETF in the 1st quarter valued at $79,000. Root Financial Partners LLC acquired a new position in Inspire Tactical Balanced ETF during the first quarter worth $90,000. Nations Financial Group Inc. IA ADV lifted its holdings in 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 valued at $1,384,000 after purchasing an additional 16,380 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted 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 valued at $3,840,000 after purchasing an additional 3,019 shares in the last quarter.

Inspire Tactical Balanced ETF Stock Performance

Shares of RISN stock opened at $31.29 on Tuesday. Inspire Tactical Balanced ETF has a 12-month low of $27.23 and a 12-month high of $32.25. The business’s 50 day moving average is $30.34 and its two-hundred day moving average is $29.89. The company has a market capitalization of $81.35 million, a P/E ratio of 18.72 and a beta of 0.54.

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.