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

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 5,491 shares, a growth of 349.7% from the June 15th total of 1,221 shares. Based on an average daily trading volume, of 4,068 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.2% of the company’s stock are sold short.

Inspire Tactical Balanced ETF Price Performance

RISN traded up $0.03 on Friday, reaching $31.06. 2,696 shares of the company traded hands, compared to its average volume of 14,219. The stock’s 50 day moving average price is $30.31 and its 200-day moving average price is $29.87. Inspire Tactical Balanced ETF has a 52-week low of $27.23 and a 52-week high of $32.25. The company has a market cap of $80.76 million, a price-to-earnings ratio of 18.72 and a beta of 0.54.

Institutional Investors Weigh In On Inspire Tactical Balanced ETF

Institutional investors have recently modified their holdings of the stock. AdvisorNet Financial Inc acquired a new stake in shares of Inspire Tactical Balanced ETF in the first quarter worth about $79,000. Root Financial Partners LLC acquired a new position in shares of Inspire Tactical Balanced ETF during the 1st quarter valued at about $90,000. Nations Financial Group Inc. IA ADV raised its stake in shares of Inspire Tactical Balanced ETF by 52.4% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 47,651 shares of the company’s stock valued at $1,384,000 after acquiring an additional 16,380 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in Inspire Tactical Balanced ETF by 2.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 132,222 shares of the company’s stock worth $3,840,000 after purchasing an additional 3,019 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.