iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Shares Shorted: Short Interest Up 185.3% in September

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 5,481 shares, an increase of 185.3% from the August 31st total of 1,921 shares. Based on an average daily volume of 6,411 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the company’s stock are short sold.

iShares U.S. Industry Rotation Active ETF Stock Up 0.6%

INRO traded up $0.24 during trading on Friday, hitting $37.20. 3,079,744 shares of the company’s stock were exchanged, compared to its average volume of 61,686. The business’s 50 day moving average is $36.56 and its two-hundred day moving average is $35.07. iShares U.S. Industry Rotation Active ETF has a fifty-two week low of $29.63 and a fifty-two week high of $37.90. The stock has a market cap of $37.94 million, a P/E ratio of 26.96 and a beta of 1.07.

iShares U.S. Industry Rotation Active ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.0543 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This is a boost from iShares U.S. Industry Rotation Active ETF’s previous quarterly dividend of $0.04. This represents a $0.22 annualized dividend and a dividend yield of 0.6%.

About iShares U.S. Industry Rotation Active ETF

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.