Short Interest in iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Declines By 64.1%

iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 124,965 shares, a drop of 64.1% from the July 30th total of 347,861 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 608,152 shares, the days-to-cover ratio is presently 0.2 days.

iShares U.S. Thematic Rotation Active ETF Stock Down 0.2%

Shares of iShares U.S. Thematic Rotation Active ETF stock opened at $43.85 on Friday. iShares U.S. Thematic Rotation Active ETF has a 12-month low of $34.94 and a 12-month high of $44.58. The stock has a market cap of $6.65 billion, a P/E ratio of -4,255.63 and a beta of 1.10. The business’s 50 day moving average is $43.10 and its 200-day moving average is $40.92.

Hedge Funds Weigh In On iShares U.S. Thematic Rotation Active ETF

A number of institutional investors have recently added to or reduced their stakes in THRO. JPMorgan Chase & Co. lifted its stake in iShares U.S. Thematic Rotation Active ETF by 3.4% in the fourth quarter. JPMorgan Chase & Co. now owns 10,647,530 shares of the company’s stock valued at $410,569,000 after acquiring an additional 353,519 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of iShares U.S. Thematic Rotation Active ETF by 8.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,740,311 shares of the company’s stock worth $99,254,000 after purchasing an additional 207,223 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of iShares U.S. Thematic Rotation Active ETF by 11.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,606,084 shares of the company’s stock worth $94,392,000 after purchasing an additional 272,849 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of iShares U.S. Thematic Rotation Active ETF during the 3rd quarter worth about $51,077,000. Finally, United Capital Financial Advisors LLC raised its holdings in shares of iShares U.S. Thematic Rotation Active ETF by 2.0% in the 3rd quarter. United Capital Financial Advisors LLC now owns 1,220,914 shares of the company’s stock valued at $46,224,000 after purchasing an additional 23,936 shares during the period.

About iShares U.S. Thematic Rotation Active ETF

The iShares U.S. Thematic Rotation Active ETF (THRO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of US stocks selected to provide exposure to multiple themes, including emerging and structural trends. THRO was launched on Dec 14, 2021 and is issued by BlackRock.