Short Interest in Inspire Tactical Balanced ETF (NYSEARCA:RISN) Rises By 73.2%

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 757 shares, an increase of 73.2% from the April 15th total of 437 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 3,649 shares, the short-interest ratio is currently 0.2 days.

Inspire Tactical Balanced ETF Trading Up 1.2%

RISN traded up $0.34 on Monday, hitting $29.31. The company had a trading volume of 358 shares, compared to its average volume of 8,279. The firm has a market cap of $82.95 million, a P/E ratio of 18.72 and a beta of 0.54. Inspire Tactical Balanced ETF has a 1 year low of $26.42 and a 1 year high of $31.18. The company’s fifty day moving average price is $29.35 and its 200 day moving average price is $29.56.

Institutional Trading of Inspire Tactical Balanced ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Nations Financial Group Inc. IA ADV purchased a new stake in Inspire Tactical Balanced ETF during the third quarter worth about $932,000. Root Financial Partners LLC purchased a new stake in Inspire Tactical Balanced ETF during the first quarter worth about $90,000. AdvisorNet Financial Inc purchased a new stake in Inspire Tactical Balanced ETF during the first quarter worth about $79,000. Finally, Creative Financial Designs Inc. ADV increased its stake in Inspire Tactical Balanced ETF by 2.3% during 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 Company Profile

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.