Inspire Tactical Balanced ETF (NYSEARCA:RISN) Short Interest Update

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 413 shares, a drop of 80.4% from the December 15th total of 2,105 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 7,141 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 7,141 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Inspire Tactical Balanced ETF stock. Creative Financial Designs Inc. ADV increased its stake in Inspire Tactical Balanced ETF (NYSEARCA:RISN) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 129,203 shares of the company’s stock after purchasing an additional 1,585 shares during the quarter. Creative Financial Designs Inc. ADV owned approximately 4.17% of Inspire Tactical Balanced ETF worth $3,853,000 at the end of the most recent quarter.

Inspire Tactical Balanced ETF Stock Performance

Shares of NYSEARCA RISN traded up $0.14 during midday trading on Thursday, hitting $30.29. 6,458 shares of the company’s stock traded hands, compared to its average volume of 23,736. The firm has a fifty day moving average of $29.40 and a 200 day moving average of $28.99. Inspire Tactical Balanced ETF has a 1 year low of $23.55 and a 1 year high of $31.18. The stock has a market capitalization of $88.45 million, a price-to-earnings ratio of 18.72 and a beta of 0.54.

Inspire Tactical Balanced ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 17th were issued a dividend of $0.073 per share. This represents a $0.29 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, December 17th.

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.