Inspire Tactical Balanced ETF (NYSEARCA:RISN) Short Interest Down 57.5% in May

by · The Markets Daily

Inspire Tactical Balanced ETF (NYSEARCA:RISN – Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 322 shares, a drop of 57.5% from the April 30th total of 757 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 5,034 shares, the short-interest ratio is currently 0.1 days.

Inspire Tactical Balanced ETF Trading Up 0.8%

Shares of Inspire Tactical Balanced ETF stock traded up $0.24 on Monday, hitting $30.86. The stock had a trading volume of 1,580 shares, compared to its average volume of 8,511. Inspire Tactical Balanced ETF has a 52-week low of $26.57 and a 52-week high of $31.18. The stock has a market cap of $87.33 million, a price-to-earnings ratio of 18.72 and a beta of 0.54. The company’s 50 day moving average price is $29.48 and its 200 day moving average price is $29.60.

Institutional Trading of Inspire Tactical Balanced ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Creative Financial Designs Inc. ADV grew its position in shares of Inspire Tactical Balanced ETF by 1.2% during the third quarter. Creative Financial Designs Inc. ADV now owns 129,203 shares of the company’s stock worth $3,853,000 after acquiring an additional 1,585 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in shares of 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 worth $1,384,000 after acquiring an additional 16,380 shares during the last quarter. AdvisorNet Financial Inc purchased a new position in shares of Inspire Tactical Balanced ETF during the first quarter worth approximately $79,000. Finally, Root Financial Partners LLC purchased a new position in shares of Inspire Tactical Balanced ETF during the first quarter worth approximately $90,000.

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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