Inspire Tactical Balanced ETF (NYSEARCA:RISN) Short Interest Up 261.2% in June

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the target of a significant growth in short interest in the month of 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. Based on an average trading volume of 48,266 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Inspire Tactical Balanced ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RISN. Creative Financial Designs Inc. ADV boosted its stake in shares of Inspire Tactical Balanced ETF by 2.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 132,222 shares of the company’s stock worth $3,840,000 after acquiring an additional 3,019 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in Inspire Tactical Balanced ETF by 20.3% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 57,312 shares of the company’s stock worth $1,644,000 after purchasing an additional 9,661 shares during the last quarter. Root Financial Partners LLC bought a new stake in Inspire Tactical Balanced ETF during the first quarter worth approximately $90,000. Finally, AdvisorNet Financial Inc acquired a new position in Inspire Tactical Balanced ETF during the first quarter valued at approximately $79,000.

Inspire Tactical Balanced ETF Price Performance

Inspire Tactical Balanced ETF stock traded up $0.14 during mid-day trading on Friday, hitting $30.53. The company’s stock had a trading volume of 4,077 shares, compared to its average volume of 11,910. Inspire Tactical Balanced ETF has a 52-week low of $27.10 and a 52-week high of $31.37. The company 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 moving average is $30.12 and its 200 day moving average is $29.78.

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.