Inspire Tactical Balanced ETF (NYSEARCA:RISN – Get Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 6,185 shares, an increase of 270.4% from the July 30th total of 1,670 shares. Based on an average daily volume of 3,829 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.3% of the company’s stock are short sold.
Institutional Investors Weigh In On Inspire Tactical Balanced ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV increased its position in shares of Inspire Tactical Balanced ETF by 2.3% during the fourth 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 in the last quarter. Nations Financial Group Inc. IA ADV boosted its position 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 purchasing an additional 9,661 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Inspire Tactical Balanced ETF in the 1st quarter valued at about $90,000. AdvisorNet Financial Inc purchased a new position in Inspire Tactical Balanced ETF during the 1st quarter worth approximately $79,000. Finally, Continuum Advisory LLC purchased a new position in Inspire Tactical Balanced ETF during the 2nd quarter worth approximately $45,000.
Inspire Tactical Balanced ETF Trading Down 0.4%
Shares of Inspire Tactical Balanced ETF stock opened at $31.57 on Friday. The company has a fifty day simple moving average of $31.13 and a 200-day simple moving average of $30.23. Inspire Tactical Balanced ETF has a 12-month low of $28.16 and a 12-month high of $32.25. The stock has a market cap of $72.61 million, a price-to-earnings ratio of 18.72 and a beta of 0.53.
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.
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