Inspire Tactical Balanced ETF (NYSEARCA:RISN) Short Interest Down 87.0% in April

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 437 shares, a drop of 87.0% from the March 31st total of 3,365 shares. Based on an average daily trading volume, of 6,174 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Inspire Tactical Balanced ETF Stock Performance

Shares of NYSEARCA:RISN remained flat at $29.92 during trading on Friday. The stock had a trading volume of 1,518 shares, compared to its average volume of 9,089. Inspire Tactical Balanced ETF has a fifty-two week low of $25.22 and a fifty-two week high of $31.18. The firm has a market cap of $84.67 million, a P/E ratio of 18.72 and a beta of 0.55. The firm has a 50 day simple moving average of $29.44 and a 200-day simple moving average of $29.55.

Hedge Funds Weigh In On Inspire Tactical Balanced ETF

Several institutional investors have recently modified their holdings of the business. Creative Financial Designs Inc. ADV lifted its holdings in shares of Inspire Tactical Balanced ETF by 1.2% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 129,203 shares of the company’s stock valued at $3,853,000 after purchasing an additional 1,585 shares in the last quarter. AdvisorNet Financial Inc bought a new position in shares of Inspire Tactical Balanced ETF during the 1st quarter valued at about $79,000. Root Financial Partners LLC bought a new position in shares of Inspire Tactical Balanced ETF during the 1st quarter valued at about $90,000. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in shares of 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 in 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.