Inspire Tactical Balanced ETF (NYSEARCA:RISN) Stock Short Interest Climbs 611.0%

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 6,413 shares, an increase of 611.0% from the August 31st total of 902 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 4,940 shares, the short-interest ratio is currently 1.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV increased 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 valued at $1,644,000 after buying an additional 9,661 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Inspire Tactical Balanced ETF during the 1st quarter valued at about $90,000. AdvisorNet Financial Inc acquired a new stake in shares of Inspire Tactical Balanced ETF during the 1st quarter valued at about $79,000. Finally, Continuum Advisory LLC bought a new stake in Inspire Tactical Balanced ETF in the second quarter valued at about $45,000.

Inspire Tactical Balanced ETF Stock Down 0.6%

Shares of RISN stock traded down $0.18 during mid-day trading on Friday, reaching $30.11. The stock had a trading volume of 4,341 shares, compared to its average volume of 11,365. Inspire Tactical Balanced ETF has a one year low of $28.16 and a one year high of $32.25. The firm has a market cap of $67.75 million, a PE ratio of 18.72 and a beta of 0.53. The firm’s 50 day simple moving average is $31.06 and its 200 day simple moving average is $30.33.

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.