Inspire Tactical Balanced ETF (NYSEARCA:RISN) Short Interest Down 70.8% in July

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,670 shares, a decline of 70.8% from the July 15th total of 5,715 shares. Based on an average daily trading volume, of 3,736 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Inspire Tactical Balanced ETF

Several hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC acquired a new stake in shares of Inspire Tactical Balanced ETF in the first quarter valued at approximately $90,000. AdvisorNet Financial Inc bought a new position in Inspire Tactical Balanced ETF in the 1st quarter valued at $79,000. Nations Financial Group Inc. IA ADV increased 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 buying an additional 9,661 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of 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 buying an additional 3,019 shares during the period.

Inspire Tactical Balanced ETF Stock Down 0.7%

NYSEARCA:RISN traded down $0.22 during mid-day trading on Friday, reaching $31.62. 3,822 shares of the company were exchanged, compared to its average volume of 12,515. The stock has a market cap of $72.73 million, a PE ratio of 18.72 and a beta of 0.53. Inspire Tactical Balanced ETF has a 12 month low of $28.09 and a 12 month high of $32.25. The company has a fifty day moving average of $30.93 and a 200 day moving average of $30.13.

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.