Inspire Tactical Balanced ETF (NYSEARCA:RISN) Short Interest Down 87.0% in April

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the target of a large decline in short interest in April. As of April 15th, there was short interest totaling 437 shares, a decline of 87.0% from the March 31st total of 3,365 shares. Based on an average daily trading volume, of 6,174 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Inspire Tactical Balanced ETF Price Performance

RISN stock remained flat at $29.92 during midday trading on Friday. 1,518 shares of the company’s stock were exchanged, compared to its average volume of 9,089. Inspire Tactical Balanced ETF has a fifty-two week low of $25.22 and a fifty-two week high of $31.18. The company has a market cap of $84.67 million, a P/E ratio of 18.72 and a beta of 0.55. The company’s 50-day moving average is $29.44 and its 200-day moving average is $29.55.

Hedge Funds Weigh In On Inspire Tactical Balanced ETF

Several institutional investors have recently modified their holdings of RISN. AdvisorNet Financial Inc bought a new position in shares of Inspire Tactical Balanced ETF during the 1st quarter valued at about $79,000. Root Financial Partners LLC bought a new position in shares of Inspire Tactical Balanced ETF during the 1st quarter valued at about $90,000. Nations Financial Group Inc. IA ADV bought a new position in shares of Inspire Tactical Balanced ETF during the 3rd quarter valued at about $932,000. Finally, Creative Financial Designs Inc. ADV increased 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 valued at $3,840,000 after purchasing an additional 3,019 shares during the last quarter.

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.