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

Inspire Tactical Balanced ETF (NYSEARCA:RISN) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 6,185 shares, a growth of 270.4% from the July 30th total of 1,670 shares. Based on an average daily volume of 3,829 shares, the short-interest ratio is currently 1.6 days. Currently, 0.3% of the shares of the stock are short sold.

Inspire Tactical Balanced ETF Stock Up 0.5%

Inspire Tactical Balanced ETF stock opened at $31.47 on Thursday. The company has a market cap of $72.38 million, a price-to-earnings ratio of 18.72 and a beta of 0.53. The firm’s fifty day moving average is $31.07 and its 200 day moving average is $30.21. Inspire Tactical Balanced ETF has a 52-week low of $28.16 and a 52-week high of $32.25.

Institutional Trading of Inspire Tactical Balanced ETF

Large investors have recently made changes to their positions in the business. Continuum Advisory LLC purchased a new stake in shares of Inspire Tactical Balanced ETF during the 2nd quarter valued at about $45,000. AdvisorNet Financial Inc purchased a new position in Inspire Tactical Balanced ETF in the first quarter worth about $79,000. Root Financial Partners LLC bought a new stake in Inspire Tactical Balanced ETF during the first quarter worth approximately $90,000. Nations Financial Group Inc. IA ADV increased its stake in Inspire Tactical Balanced ETF by 20.3% during the first quarter. Nations Financial Group Inc. IA ADV now owns 57,312 shares of the company’s stock worth $1,644,000 after acquiring an additional 9,661 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its stake in Inspire Tactical Balanced ETF by 2.3% during the fourth 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 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.