Short Interest in Inspire Tactical Balanced ETF (NYSEARCA:RISN) Grows By 349.7%

Inspire Tactical Balanced ETF (NYSEARCA:RISN) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 5,491 shares, a growth of 349.7% from the June 15th total of 1,221 shares. Based on an average trading volume of 4,068 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. AdvisorNet Financial Inc acquired a new stake in Inspire Tactical Balanced ETF during the first quarter worth $79,000. Root Financial Partners LLC acquired a new position in shares of Inspire Tactical Balanced ETF in the 1st quarter valued at $90,000. Nations Financial Group Inc. IA ADV raised its stake in shares of Inspire Tactical Balanced ETF by 52.4% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 47,651 shares of the company’s stock valued at $1,384,000 after buying an additional 16,380 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Inspire Tactical Balanced ETF by 2.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 132,222 shares of the company’s stock worth $3,840,000 after acquiring an additional 3,019 shares during the period.

Inspire Tactical Balanced ETF Stock Performance

Shares of NYSEARCA:RISN traded up $0.23 during trading on Monday, hitting $31.29. 1,440 shares of the stock were exchanged, compared to its average volume of 14,121. Inspire Tactical Balanced ETF has a 1-year low of $27.23 and a 1-year high of $32.25. The company has a market capitalization of $81.35 million, a price-to-earnings ratio of 18.72 and a beta of 0.54. The company’s fifty day simple moving average is $30.34 and its 200-day simple moving average is $29.89.

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.