Short Interest in Inspire Tactical Balanced ETF (NYSEARCA:RISN) Increases By 261.2%

Inspire Tactical Balanced ETF (NYSEARCA:RISN) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,221 shares, an increase of 261.2% from the May 31st total of 338 shares. Based on an average daily volume of 48,266 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Inspire Tactical Balanced ETF Price Performance

Shares of NYSEARCA RISN traded up $0.15 during trading hours on Monday, hitting $30.68. 631 shares of the stock were exchanged, compared to its average volume of 11,817. The company’s 50 day moving average is $30.12 and its 200 day moving average is $29.78. The firm has a market capitalization of $86.82 million, a P/E ratio of 18.72 and a beta of 0.54. Inspire Tactical Balanced ETF has a one year low of $27.23 and a one year high of $31.37.

Institutional Investors Weigh In On Inspire Tactical Balanced ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Financial Designs Inc. ADV lifted its position in shares of Inspire Tactical Balanced ETF by 2.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 132,222 shares of the company’s stock worth $3,840,000 after purchasing an additional 3,019 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its position in 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 worth $1,644,000 after buying an additional 9,661 shares during the period. Root Financial Partners LLC acquired a new position in shares of Inspire Tactical Balanced ETF during the first quarter worth approximately $90,000. Finally, AdvisorNet Financial Inc acquired a new position in shares of Inspire Tactical Balanced ETF during the first quarter worth approximately $79,000.

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.