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

Inspire Tactical Balanced ETF (NYSEARCA:RISN) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,670 shares, a decline of 70.8% from the July 15th total of 5,715 shares. Currently, 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

A number of institutional investors have recently added to or reduced their stakes in RISN. Root Financial Partners LLC bought a new stake 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 worth approximately $79,000. Nations Financial Group Inc. IA ADV raised its stake in shares of Inspire Tactical Balanced ETF by 20.3% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 57,312 shares of the company’s stock worth $1,644,000 after acquiring an additional 9,661 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of 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 worth $3,840,000 after acquiring an additional 3,019 shares in the last quarter.

Inspire Tactical Balanced ETF Price Performance

Inspire Tactical Balanced ETF stock opened at $31.51 on Thursday. The business has a fifty day moving average of $30.89 and a two-hundred day moving average of $30.11. The firm has a market cap of $72.47 million, a P/E ratio of 18.72 and a beta of 0.53. Inspire Tactical Balanced ETF has a twelve month low of $28.09 and a twelve month high of $32.25.

About Inspire Tactical Balanced ETF

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.