Inspire Tactical Balanced ETF (NYSEARCA:RISN) Short Interest Down 87.0% in April

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the target of a large decline in short interest in April. As of April 15th, there was short interest totaling 437 shares, a decline of 87.0% from the March 31st total of 3,365 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 6,174 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Inspire Tactical Balanced ETF

Several institutional investors and hedge funds have recently modified their holdings of RISN. Nations Financial Group Inc. IA ADV purchased a new stake in shares of Inspire Tactical Balanced ETF in the third quarter worth approximately $932,000. Creative Financial Designs Inc. ADV raised its stake in shares of Inspire Tactical Balanced ETF by 1.2% in the third quarter. Creative Financial Designs Inc. ADV now owns 129,203 shares of the company’s stock worth $3,853,000 after purchasing an additional 1,585 shares during the last quarter. AdvisorNet Financial Inc purchased a new stake in shares of Inspire Tactical Balanced ETF in the first quarter worth approximately $79,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Inspire Tactical Balanced ETF in the first quarter worth approximately $90,000.

Inspire Tactical Balanced ETF Stock Performance

RISN stock remained flat at $29.92 during midday trading on Friday. 1,518 shares of the company’s stock were exchanged, compared to its average volume of 9,089. The firm has a market capitalization of $84.67 million, a P/E ratio of 18.72 and a beta of 0.55. The firm has a 50 day simple moving average of $29.44 and a two-hundred day simple moving average of $29.55. Inspire Tactical Balanced ETF has a fifty-two week low of $25.22 and a fifty-two week high of $31.18.

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.