Short Interest in Inspire Tactical Balanced ETF (NYSEARCA:RISN) Rises By 5,809.1%

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 7,800 shares, a growth of 5,809.1% from the February 26th total of 132 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 13,981 shares, the short-interest ratio is currently 0.6 days.

Inspire Tactical Balanced ETF Trading Up 0.7%

Inspire Tactical Balanced ETF stock opened at $28.95 on Thursday. Inspire Tactical Balanced ETF has a 1-year low of $23.55 and a 1-year high of $31.18. The firm’s fifty day simple moving average is $29.83 and its 200-day simple moving average is $29.59. The company has a market capitalization of $84.53 million, a P/E ratio of 18.72 and a beta of 0.54.

Hedge Funds Weigh In On Inspire Tactical Balanced ETF

A hedge fund recently bought a new stake in Inspire Tactical Balanced ETF stock. Nations Financial Group Inc. IA ADV purchased a new position in shares of Inspire Tactical Balanced ETF (NYSEARCA:RISN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 31,271 shares of the company’s stock, valued at approximately $932,000. Nations Financial Group Inc. IA ADV owned approximately 1.01% of Inspire Tactical Balanced ETF as of its most recent filing with the SEC.

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.