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

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 413 shares, a drop of 80.4% from the December 15th total of 2,105 shares. Based on an average daily trading volume, of 7,141 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,141 shares, the days-to-cover ratio is currently 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 holdings in shares of Inspire Tactical Balanced ETF (NYSEARCA:RISN) by 5,627.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,618 shares of the company’s stock after purchasing an additional 125,390 shares during the quarter. Creative Financial Designs Inc. ADV owned approximately 4.15% of Inspire Tactical Balanced ETF worth $3,506,000 at the end of the most recent quarter.

Inspire Tactical Balanced ETF Price Performance

Shares of RISN stock traded down $0.08 during mid-day trading on Tuesday, hitting $30.11. The company had a trading volume of 6,427 shares, compared to its average volume of 27,254. The stock’s 50 day moving average price is $29.37 and its 200-day moving average price is $28.96. Inspire Tactical Balanced ETF has a 52-week low of $23.55 and a 52-week high of $31.18. The company has a market capitalization of $89.41 million, a P/E ratio of 18.72 and a beta of 0.54.

Inspire Tactical Balanced ETF Cuts Dividend

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

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.