Inspire Tactical Balanced ETF (NYSEARCA:RISN) Short Interest Down 91.9% in February

Inspire Tactical Balanced ETF (NYSEARCA:RISN) saw a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 132 shares, a decrease of 91.9% from the February 12th total of 1,637 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 6,195 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 6,195 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Inspire Tactical Balanced ETF

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

Inspire Tactical Balanced ETF Trading Down 1.0%

Shares of RISN traded down $0.30 during trading hours on Tuesday, reaching $29.71. 2,345 shares of the stock traded hands, compared to its average volume of 12,057. Inspire Tactical Balanced ETF has a 52 week low of $23.55 and a 52 week high of $31.18. The company has a market cap of $86.75 million, a price-to-earnings ratio of 18.72 and a beta of 0.54. The stock has a fifty day simple moving average of $29.96 and a 200 day simple moving average of $29.57.

Inspire Tactical Balanced ETF Cuts Dividend

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

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.