Inspire Tactical Balanced ETF (NYSEARCA:RISN) Sees Significant Drop in Short Interest

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,670 shares, a decrease of 70.8% from the July 15th total of 5,715 shares. Based on an average daily volume of 3,736 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Inspire Tactical Balanced ETF

Several institutional investors have recently added to or reduced their stakes in RISN. Creative Financial Designs Inc. ADV grew its stake in shares of 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 acquiring an additional 3,019 shares during the last quarter. 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 valued at $1,644,000 after purchasing an additional 9,661 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Inspire Tactical Balanced ETF in the 1st quarter valued at approximately $90,000. Finally, AdvisorNet Financial Inc acquired a new stake in Inspire Tactical Balanced ETF in the 1st quarter worth approximately $79,000.

Inspire Tactical Balanced ETF Price Performance

Inspire Tactical Balanced ETF stock opened at $31.51 on Thursday. Inspire Tactical Balanced ETF has a 1-year low of $28.09 and a 1-year high of $32.25. The business has a fifty day moving average price of $30.89 and a 200-day moving average price of $30.11. The stock has a market capitalization of $72.47 million, a price-to-earnings ratio of 18.72 and a beta of 0.53.

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.