Inspire Tactical Balanced ETF (NYSEARCA:RISN – Get Free Report) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 902 shares, a decline of 85.4% from the August 15th total of 6,185 shares. Based on an average daily volume of 7,719 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
Institutional Investors Weigh In On Inspire Tactical Balanced ETF
A number of hedge funds have recently modified their holdings of the business. Continuum Advisory LLC purchased a new position in shares of Inspire Tactical Balanced ETF in the second quarter worth about $45,000. AdvisorNet Financial Inc acquired a new stake in Inspire Tactical Balanced ETF in the 1st quarter valued at about $79,000. Root Financial Partners LLC purchased a new position in Inspire Tactical Balanced ETF in the 1st quarter worth approximately $90,000. Nations Financial Group Inc. IA ADV lifted its stake 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 in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings 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.
Inspire Tactical Balanced ETF Price Performance
NYSEARCA RISN traded up $0.09 during mid-day trading on Friday, hitting $30.36. The stock had a trading volume of 2,633 shares, compared to its average volume of 11,866. The firm’s 50 day moving average is $31.20 and its 200 day moving average is $30.29. The stock has a market capitalization of $69.83 million, a price-to-earnings ratio of 18.72 and a beta of 0.53. Inspire Tactical Balanced ETF has a twelve month low of $28.16 and a twelve month high of $32.25.
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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