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

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

Inspire Tactical Balanced ETF Stock Performance

Shares of NYSEARCA RISN traded up $0.24 during mid-day trading on Tuesday, reaching $30.86. 1,580 shares of the company’s stock were exchanged, compared to its average volume of 8,511. The firm has a market capitalization of $87.33 million, a price-to-earnings ratio of 18.72 and a beta of 0.54. Inspire Tactical Balanced ETF has a 52-week low of $26.57 and a 52-week high of $31.18. The company’s 50-day moving average is $29.48 and its 200-day moving average is $29.60.

Hedge Funds Weigh In On Inspire Tactical Balanced ETF

A number of hedge funds have recently modified their holdings 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 purchased a new position in shares of Inspire Tactical Balanced ETF during the 1st quarter worth $90,000. Nations Financial Group Inc. IA ADV lifted its stake in Inspire Tactical Balanced ETF by 52.4% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 47,651 shares of the company’s stock worth $1,384,000 after acquiring an additional 16,380 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in 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 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.