Inspire Tactical Balanced ETF (NYSEARCA:RISN) Short Interest Down 85.4% in August

by · The Markets Daily

Inspire Tactical Balanced ETF (NYSEARCA:RISN – Get Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 902 shares, a drop of 85.4% from the August 15th total of 6,185 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 7,719 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RISN. Continuum Advisory LLC acquired a new position in Inspire Tactical Balanced ETF during the 2nd quarter worth approximately $45,000. AdvisorNet Financial Inc purchased a new stake in shares of Inspire Tactical Balanced ETF in the 1st quarter valued at approximately $79,000. Root Financial Partners LLC acquired a new stake in shares of Inspire Tactical Balanced ETF in the 1st quarter valued at $90,000. Nations Financial Group Inc. IA ADV raised its holdings 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 in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Inspire Tactical Balanced ETF by 2.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 132,222 shares of the company’s stock worth $3,840,000 after purchasing an additional 3,019 shares during the last quarter.

Inspire Tactical Balanced ETF Stock Performance

Shares of RISN traded up $0.09 during midday trading on Friday, hitting $30.36. The company had a trading volume of 2,633 shares, compared to its average volume of 11,866. The company’s 50-day simple moving average is $31.20 and its 200-day simple moving average is $30.29. The firm has a market capitalization of $69.83 million, a P/E ratio of 18.72 and a beta of 0.53. Inspire Tactical Balanced ETF has a 1 year low of $28.16 and a 1 year high of $32.25.

About Inspire Tactical Balanced ETF

(Get Free Report)

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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