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

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 6,413 shares, an increase of 611.0% from the August 31st total of 902 shares. Based on an average daily trading volume, of 4,940 shares, the short-interest ratio is presently 1.3 days. Approximately 0.3% of the company’s stock are short sold.

Inspire Tactical Balanced ETF Stock Performance

NYSEARCA:RISN traded down $0.17 during midday trading on Thursday, reaching $30.29. 3,054 shares of the stock traded hands, compared to its average volume of 11,404. Inspire Tactical Balanced ETF has a 12-month low of $28.16 and a 12-month high of $32.25. The business has a 50-day moving average of $31.08 and a two-hundred day moving average of $30.33. The stock has a market capitalization of $68.15 million, a PE ratio of 18.72 and a beta of 0.53.

Institutional Trading of Inspire Tactical Balanced ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Continuum Advisory LLC acquired a new stake in shares of Inspire Tactical Balanced ETF in the 2nd quarter worth $45,000. Root Financial Partners LLC acquired a new position in Inspire Tactical Balanced ETF during the 1st quarter valued at about $90,000. AdvisorNet Financial Inc purchased a new stake in Inspire Tactical Balanced ETF in the first quarter valued at about $79,000. Finally, Nations Financial Group Inc. IA ADV raised its stake in Inspire Tactical Balanced ETF by 20.3% in the first quarter. Nations Financial Group Inc. IA ADV now owns 57,312 shares of the company’s stock valued at $1,644,000 after buying an additional 9,661 shares during the last quarter.

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.