Inspire Tactical Balanced ETF (NYSEARCA:RISN) Short Interest Down 85.4% in August

Inspire Tactical Balanced ETF (NYSEARCA:RISN) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 902 shares, a decline of 85.4% from the August 15th total of 6,185 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,719 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Inspire Tactical Balanced ETF

A number of large investors have recently added to or reduced their stakes in the business. Continuum Advisory LLC purchased a new stake in Inspire Tactical Balanced ETF during the second quarter valued at about $45,000. AdvisorNet Financial Inc purchased a new position in shares of Inspire Tactical Balanced ETF in the first quarter worth about $79,000. Creative Financial Designs Inc. ADV increased its holdings in shares of Inspire Tactical Balanced ETF by 2.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 132,222 shares of the company’s stock worth $3,840,000 after buying an additional 3,019 shares during the period. Root Financial Partners LLC bought a new stake in shares of Inspire Tactical Balanced ETF in the 1st quarter valued at about $90,000. Finally, Nations Financial Group Inc. IA ADV lifted its stake in shares of Inspire Tactical Balanced ETF by 20.3% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 57,312 shares of the company’s stock valued at $1,644,000 after acquiring an additional 9,661 shares during the last quarter.

Inspire Tactical Balanced ETF Price Performance

NYSEARCA RISN traded up $0.10 on Friday, reaching $30.37. 4,228 shares of the company’s stock traded hands, compared to its average volume of 11,875. The stock has a market cap of $69.85 million, a PE ratio of 18.72 and a beta of 0.53. Inspire Tactical Balanced ETF has a 12 month low of $28.16 and a 12 month high of $32.25. The stock has a 50-day simple moving average of $31.18 and a 200 day simple moving average of $30.29.

Inspire Tactical Balanced ETF Company Profile

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.