Inspire Tactical Balanced ETF (NYSEARCA:RISN – Get Free Report) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 6,185 shares, a growth of 270.4% from the July 30th total of 1,670 shares. Based on an average daily trading volume, of 3,829 shares, the short-interest ratio is presently 1.6 days. Currently, 0.3% of the company’s shares are short sold.
Inspire Tactical Balanced ETF Stock Up 0.5%
Shares of RISN opened at $31.47 on Thursday. The business has a fifty day moving average of $31.07 and a 200 day moving average of $30.21. The company has a market cap of $72.38 million, a PE ratio of 18.72 and a beta of 0.53. Inspire Tactical Balanced ETF has a 52-week low of $28.16 and a 52-week high of $32.25.
Institutional Investors Weigh In On Inspire Tactical Balanced ETF
Several institutional investors have recently made changes to their positions in the company. Continuum Advisory LLC bought a new stake in shares of Inspire Tactical Balanced ETF in the 2nd quarter worth about $45,000. AdvisorNet Financial Inc bought a new position in Inspire Tactical Balanced ETF during the 1st quarter valued at about $79,000. Root Financial Partners LLC purchased a new stake in Inspire Tactical Balanced ETF in the 1st quarter worth about $90,000. Nations Financial Group Inc. IA ADV raised 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 purchasing an additional 9,661 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its stake in Inspire Tactical Balanced ETF by 2.3% in 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 during the last quarter.
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.
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