Short Interest in Inspire Tactical Balanced ETF (NYSEARCA:RISN) Expands By 270.4%

Inspire Tactical Balanced ETF (NYSEARCA:RISN) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 6,185 shares, an increase of 270.4% from the July 30th total of 1,670 shares. Based on an average daily trading volume, of 3,829 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Continuum Advisory LLC acquired a new position in Inspire Tactical Balanced ETF in the second quarter valued at $45,000. AdvisorNet Financial Inc acquired a new stake in shares of Inspire Tactical Balanced ETF during the first quarter worth about $79,000. Root Financial Partners LLC purchased a new position in shares of Inspire Tactical Balanced ETF during the first quarter worth about $90,000. Nations Financial Group Inc. IA ADV grew its holdings in shares of Inspire Tactical Balanced ETF by 20.3% during the first quarter. Nations Financial Group Inc. IA ADV now owns 57,312 shares of the company’s stock worth $1,644,000 after buying an additional 9,661 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in Inspire Tactical Balanced ETF by 2.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 132,222 shares of the company’s stock valued at $3,840,000 after acquiring an additional 3,019 shares during the period.

Inspire Tactical Balanced ETF Price Performance

Shares of RISN stock traded down $0.21 during trading hours on Friday, hitting $31.50. The stock had a trading volume of 3,706 shares, compared to its average volume of 12,220. The firm has a market capitalization of $72.45 million, a PE ratio of 18.72 and a beta of 0.53. The stock’s 50 day moving average is $31.10 and its 200 day moving average is $30.22. Inspire Tactical Balanced ETF has a twelve month low of $28.16 and a twelve month high of $32.25.

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.