Inspire Tactical Balanced ETF (NYSEARCA:RISN) Short Interest Down 80.4% in December

Inspire Tactical Balanced ETF (NYSEARCA:RISN) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 413 shares, a decline of 80.4% from the December 15th total of 2,105 shares. Based on an average daily volume of 7,141 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 7,141 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Inspire Tactical Balanced ETF stock. Creative Financial Designs Inc. ADV grew its position in shares of Inspire Tactical Balanced ETF (NYSEARCA:RISN) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,203 shares of the company’s stock after purchasing an additional 1,585 shares during the period. Creative Financial Designs Inc. ADV owned approximately 4.17% of Inspire Tactical Balanced ETF worth $3,853,000 at the end of the most recent quarter.

Inspire Tactical Balanced ETF Stock Performance

NYSEARCA RISN traded up $0.15 during trading hours on Thursday, hitting $30.30. The company had a trading volume of 6,458 shares, compared to its average volume of 23,736. The firm has a market capitalization of $88.48 million, a price-to-earnings ratio of 18.72 and a beta of 0.54. Inspire Tactical Balanced ETF has a 52 week low of $23.55 and a 52 week high of $31.18. The firm has a 50 day simple moving average of $29.40 and a 200 day simple moving average of $28.99.

Inspire Tactical Balanced ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 17th were paid a dividend of $0.073 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.29 annualized dividend and a yield of 1.0%.

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.