Short Interest in Inspire Tactical Balanced ETF (NYSEARCA:RISN) Drops By 70.8%

by · The Markets Daily

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

Institutional Investors Weigh In On Inspire Tactical Balanced ETF

Hedge funds have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in shares of Inspire Tactical Balanced ETF during the first quarter worth approximately $90,000. AdvisorNet Financial Inc acquired a new stake in Inspire Tactical Balanced ETF in the 1st quarter valued at $79,000. Nations Financial Group Inc. IA ADV grew its position 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 period. Finally, Creative Financial Designs Inc. ADV increased its stake in 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 valued at $3,840,000 after purchasing an additional 3,019 shares in the last quarter.

Inspire Tactical Balanced ETF Trading Down 0.7%

Inspire Tactical Balanced ETF stock traded down $0.22 during midday trading on Friday, reaching $31.62. The stock had a trading volume of 3,822 shares, compared to its average volume of 12,515. Inspire Tactical Balanced ETF has a 12 month low of $28.09 and a 12 month high of $32.25. The company has a market capitalization of $72.73 million, a P/E ratio of 18.72 and a beta of 0.53. The company has a fifty day moving average price of $30.93 and a two-hundred day moving average price of $30.13.

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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