Inspire Tactical Balanced ETF (NYSEARCA:RISN) Short Interest Down 57.5% in May

Inspire Tactical Balanced ETF (NYSEARCA:RISN) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 322 shares, a drop of 57.5% from the April 30th total of 757 shares. Based on an average daily volume of 5,034 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RISN. AdvisorNet Financial Inc purchased a new position in shares of Inspire Tactical Balanced ETF during the 1st quarter worth $79,000. Root Financial Partners LLC acquired a new position in Inspire Tactical Balanced ETF in the first quarter valued at $90,000. Nations Financial Group Inc. IA ADV increased its stake in Inspire Tactical Balanced ETF by 52.4% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 47,651 shares of the company’s stock valued at $1,384,000 after purchasing an additional 16,380 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position 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 buying an additional 3,019 shares during the period.

Inspire Tactical Balanced ETF Stock Up 0.7%

Shares of NYSEARCA:RISN traded up $0.20 during trading on Friday, reaching $30.62. The stock had a trading volume of 1,671 shares, compared to its average volume of 8,580. The business has a fifty day moving average price of $29.44 and a 200-day moving average price of $29.59. The stock has a market cap of $86.65 million, a P/E ratio of 18.72 and a beta of 0.54. Inspire Tactical Balanced ETF has a fifty-two week low of $26.43 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.