Short Interest in Inspire Tactical Balanced ETF (NYSEARCA:RISN) Expands By 1,121.6%

Inspire Tactical Balanced ETF (NYSEARCA:RISN) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,637 shares, a growth of 1,121.6% from the January 29th total of 134 shares. Based on an average daily trading volume, of 8,338 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 8,338 shares, the short-interest ratio is presently 0.2 days.

Inspire Tactical Balanced ETF Price Performance

Shares of RISN stock traded down $0.05 during trading on Wednesday, reaching $29.68. The company had a trading volume of 8,203 shares, compared to its average volume of 11,189. The firm’s 50 day simple moving average is $29.83 and its two-hundred day simple moving average is $29.45. Inspire Tactical Balanced ETF has a one year low of $23.55 and a one year high of $31.18. The company has a market capitalization of $86.67 million, a PE ratio of 18.72 and a beta of 0.54.

Inspire Tactical Balanced ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 17th were given a $0.073 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Inspire Tactical Balanced ETF stock. Creative Financial Designs Inc. ADV increased its position in Inspire Tactical Balanced ETF (NYSEARCA:RISN) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,222 shares of the company’s stock after acquiring an additional 3,019 shares during the quarter. Creative Financial Designs Inc. ADV owned about 4.53% of Inspire Tactical Balanced ETF worth $3,840,000 at the end of the most recent 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.