Inspire Tactical Balanced ETF (NYSEARCA:RISN) Shares Shorted: Short Interest Down 92.1% in September

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 507 shares, a drop of 92.1% from the September 15th total of 6,413 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 2,029 shares, the short-interest ratio is currently 0.2 days.

Inspire Tactical Balanced ETF Stock Performance

Shares of NYSEARCA:RISN traded up $0.06 during mid-day trading on Friday, reaching $30.51. 5,038 shares of the company’s stock were exchanged, compared to its average volume of 10,965. The firm has a market capitalization of $68.65 million, a price-to-earnings ratio of 18.72 and a beta of 0.53. The business’s fifty day moving average price is $30.92 and its 200-day moving average price is $30.40. Inspire Tactical Balanced ETF has a twelve month low of $28.16 and a twelve month high of $32.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Continuum Advisory LLC bought a new position in shares of Inspire Tactical Balanced ETF during the second quarter worth about $45,000. Root Financial Partners LLC bought a new stake in Inspire Tactical Balanced ETF in the first quarter valued at approximately $90,000. AdvisorNet Financial Inc acquired a new stake in Inspire Tactical Balanced ETF during the 1st quarter valued at approximately $79,000. Finally, Nations Financial Group Inc. IA ADV increased its position in Inspire Tactical Balanced ETF by 20.3% during 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 purchasing an additional 9,661 shares during the period.

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.