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

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 132 shares, a drop of 91.9% from the February 12th total of 1,637 shares. Based on an average daily trading volume, of 6,195 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 6,195 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Inspire Tactical Balanced ETF

An institutional investor recently bought a new position in Inspire Tactical Balanced ETF stock. Nations Financial Group Inc. IA ADV acquired a new position in shares of Inspire Tactical Balanced ETF (NYSEARCA:RISN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 31,271 shares of the company’s stock, valued at approximately $932,000. Nations Financial Group Inc. IA ADV owned 1.01% of Inspire Tactical Balanced ETF at the end of the most recent reporting period.

Inspire Tactical Balanced ETF Stock Performance

RISN traded down $0.15 during trading on Wednesday, reaching $29.56. 1,378 shares of the stock were exchanged, compared to its average volume of 11,829. The stock’s 50 day moving average price is $29.96 and its two-hundred day moving average price is $29.57. Inspire Tactical Balanced ETF has a twelve month low of $23.55 and a twelve month high of $31.18. The stock has a market cap of $86.32 million, a P/E ratio of 18.72 and a beta of 0.54.

Inspire Tactical Balanced ETF Cuts Dividend

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