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

by · The Markets Daily

Inspire Tactical Balanced ETF (NYSEARCA:RISN – Get Free Report) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 507 shares, a decline of 92.1% from the September 15th total of 6,413 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,029 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Inspire Tactical Balanced ETF

Several hedge funds have recently modified their holdings of the stock. Continuum Advisory LLC acquired a new position in Inspire Tactical Balanced ETF during the 2nd quarter worth $45,000. Root Financial Partners LLC purchased a new position in shares of Inspire Tactical Balanced ETF in the 1st quarter valued at about $90,000. AdvisorNet Financial Inc purchased a new position in shares of Inspire Tactical Balanced ETF in the 1st quarter valued at about $79,000. Finally, Nations Financial Group Inc. IA ADV grew its position in shares of Inspire Tactical Balanced ETF by 20.3% during the first quarter. Nations Financial Group Inc. IA ADV now owns 57,312 shares of the company’s stock worth $1,644,000 after buying an additional 9,661 shares in the last quarter.

Inspire Tactical Balanced ETF Trading Up 0.2%

RISN traded up $0.06 during trading hours on Friday, hitting $30.51. 5,038 shares of the company’s stock were exchanged, compared to its average volume of 10,965. The firm has a market cap of $68.65 million, a P/E 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. The firm has a 50 day moving average of $30.92 and a 200 day moving average of $30.40.

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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