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

by · The Markets Daily

Inspire Tactical Balanced ETF (NYSEARCA:RISN – Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 6,413 shares, a growth of 611.0% from the August 31st total of 902 shares. Based on an average trading volume of 4,940 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Inspire Tactical Balanced ETF

Large investors have recently bought and sold shares of the stock. Continuum Advisory LLC purchased a new stake in shares of Inspire Tactical Balanced ETF in the second quarter valued at $45,000. Root Financial Partners LLC purchased a new stake in Inspire Tactical Balanced ETF during the 1st quarter worth about $90,000. AdvisorNet Financial Inc acquired a new position in Inspire Tactical Balanced ETF in the 1st quarter valued at about $79,000. Finally, Nations Financial Group Inc. IA ADV raised its stake in 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.

Inspire Tactical Balanced ETF Price Performance

Shares of NYSEARCA RISN traded down $0.10 on Friday, hitting $30.19. The company’s stock had a trading volume of 2,604 shares, compared to its average volume of 11,356. The stock has a 50 day moving average of $31.08 and a 200-day moving average of $30.33. The company has a market capitalization of $67.93 million, a price-to-earnings ratio of 18.72 and a beta of 0.53. Inspire Tactical Balanced ETF has a 12-month low of $28.16 and a 12-month high of $32.25.

Inspire Tactical Balanced ETF Company Profile

(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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