Inspire Tactical Balanced ETF (NYSEARCA:RISN) Short Interest Up 5,809.1% in March

Inspire Tactical Balanced ETF (NYSEARCA:RISN) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 7,800 shares, a growth of 5,809.1% from the February 26th total of 132 shares. Based on an average daily trading volume, of 13,981 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 13,981 shares, the short-interest ratio is presently 0.6 days.

Inspire Tactical Balanced ETF Stock Performance

RISN stock opened at $28.76 on Wednesday. Inspire Tactical Balanced ETF has a fifty-two week low of $23.55 and a fifty-two week high of $31.18. The company has a market capitalization of $83.98 million, a price-to-earnings ratio of 18.72 and a beta of 0.54. The business’s 50 day moving average price is $29.86 and its two-hundred day moving average price is $29.60.

Institutional Investors Weigh In On Inspire Tactical Balanced ETF

An institutional investor recently bought a new position in Inspire Tactical Balanced ETF stock. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Inspire Tactical Balanced ETF (NYSEARCA:RISN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 31,271 shares of the company’s stock, valued at approximately $932,000. Nations Financial Group Inc. IA ADV owned 1.01% of Inspire Tactical Balanced ETF at the end of the most recent 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.