Inspire Tactical Balanced ETF (NYSEARCA:RISN) Short Interest Update

by · The Cerbat Gem

Inspire Tactical Balanced ETF (NYSEARCA:RISN – Get Free Report) saw a significant drop in short interest during the month of 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. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 7,719 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RISN. Continuum Advisory LLC bought a new position in shares of Inspire Tactical Balanced ETF during the 2nd quarter valued at approximately $45,000. AdvisorNet Financial Inc bought a new stake in Inspire Tactical Balanced ETF during the 1st quarter worth approximately $79,000. Root Financial Partners LLC purchased a new position in Inspire Tactical Balanced ETF during the first quarter valued at approximately $90,000. Nations Financial Group Inc. IA ADV lifted its holdings in 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 valued at $1,644,000 after purchasing an additional 9,661 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of Inspire Tactical Balanced ETF by 2.3% in the fourth 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 period.

Inspire Tactical Balanced ETF Stock Performance

Shares of RISN stock traded up $0.10 during mid-day trading on Friday, reaching $30.37. 4,228 shares of the company’s stock traded hands, compared to its average volume of 11,875. The firm has a market capitalization of $69.85 million, a PE 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 price of $31.18 and a two-hundred day moving average price of $30.29.

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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