iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Sees Significant Increase in Short Interest

iShares U.S. Industry Rotation Active ETF (NASDAQ:INROGet Free Report) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 7,618 shares, a growth of 205.0% from the April 30th total of 2,498 shares. Based on an average daily trading volume, of 2,176 shares, the short-interest ratio is currently 3.5 days. Approximately 0.8% of the company’s stock are short sold.

iShares U.S. Industry Rotation Active ETF Stock Performance

iShares U.S. Industry Rotation Active ETF stock remained flat at $36.32 during midday trading on Friday. 788 shares of the company traded hands, compared to its average volume of 3,892. iShares U.S. Industry Rotation Active ETF has a 12-month low of $27.36 and a 12-month high of $36.38. The stock has a market cap of $32.69 million, a price-to-earnings ratio of 26.96 and a beta of 1.07. The company has a 50-day simple moving average of $33.47 and a 200 day simple moving average of $32.63.

iShares U.S. Industry Rotation Active ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a dividend of $0.0577 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Trading of iShares U.S. Industry Rotation Active ETF

A hedge fund recently bought a new stake in iShares U.S. Industry Rotation Active ETF stock. Imprint Wealth LLC bought a new position in shares of iShares U.S. Industry Rotation Active ETF (NASDAQ:INROFree Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 7,934 shares of the company’s stock, valued at approximately $251,000. Imprint Wealth LLC owned about 0.81% of iShares U.S. Industry Rotation Active ETF as of its most recent SEC filing.

iShares U.S. Industry Rotation Active ETF Company Profile

(Get Free Report)

The BlackRock U.S. Industry Rotation ETF (INRO) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide long-term capital appreciation through an actively managed portfolio of US equities. The portfolio rotates towards industries that BlackRock believes are best positioned for outperformance INRO was launched on Mar 26, 2024 and is issued by BlackRock.

Further Reading

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