Inspire Tactical Balanced ETF (NYSEARCA:RISN) Sees Large Growth in Short Interest

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 1,221 shares, a growth of 261.2% from the May 31st total of 338 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 48,266 shares, the days-to-cover ratio is presently 0.0 days.

Inspire Tactical Balanced ETF Price Performance

Shares of RISN stock traded up $0.14 during midday trading on Friday, reaching $30.53. 4,077 shares of the company traded hands, compared to its average volume of 11,910. The firm has a market cap of $86.40 million, a PE ratio of 18.72 and a beta of 0.54. The firm’s 50 day simple moving average is $30.12 and its two-hundred day simple moving average is $29.78. Inspire Tactical Balanced ETF has a 1-year low of $27.10 and a 1-year high of $31.37.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RISN. AdvisorNet Financial Inc acquired a new stake in Inspire Tactical Balanced ETF during the 1st quarter valued at $79,000. Root Financial Partners LLC purchased a new position in Inspire Tactical Balanced ETF in the 1st quarter valued at about $90,000. Nations Financial Group Inc. IA ADV boosted its stake in shares of Inspire Tactical Balanced ETF by 52.4% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 47,651 shares of the company’s stock worth $1,384,000 after purchasing an additional 16,380 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of 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 buying an additional 3,019 shares in the last quarter.

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.