Inspire Tactical Balanced ETF (NYSEARCA:RISN) Sees Significant Growth in Short Interest

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 757 shares, an increase of 73.2% from the April 15th total of 437 shares. Based on an average trading volume of 3,649 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Inspire Tactical Balanced ETF Stock Up 0.0%

NYSEARCA RISN traded up $0.01 on Tuesday, hitting $29.40. The company’s stock had a trading volume of 1,003 shares, compared to its average volume of 8,202. Inspire Tactical Balanced ETF has a 1-year low of $26.42 and a 1-year high of $31.18. The company’s 50-day moving average is $29.33 and its 200 day moving average is $29.56. The firm has a market cap of $83.20 million, a PE ratio of 18.72 and a beta of 0.54.

Institutional Investors Weigh In On Inspire Tactical Balanced ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. AdvisorNet Financial Inc acquired a new stake in shares of Inspire Tactical Balanced ETF in the first quarter valued at about $79,000. Root Financial Partners LLC acquired a new stake in shares of Inspire Tactical Balanced ETF during the first quarter worth $90,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Inspire Tactical Balanced ETF during the third quarter worth $932,000. Finally, Creative Financial Designs Inc. ADV increased its position in shares of Inspire Tactical Balanced ETF by 1.2% during the third quarter. Creative Financial Designs Inc. ADV now owns 129,203 shares of the company’s stock worth $3,853,000 after buying an additional 1,585 shares during the period.

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.