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

iShares U.S. Industry Rotation Active ETF (NASDAQ:INROGet Free Report) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 923 shares, a drop of 89.4% from the July 30th total of 8,672 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,782 shares, the days-to-cover ratio is currently 0.5 days.

iShares U.S. Industry Rotation Active ETF Trading Up 0.7%

Shares of NASDAQ INRO traded up $0.24 during midday trading on Thursday, reaching $36.95. The company’s stock had a trading volume of 490 shares, compared to its average volume of 3,326. The stock has a market capitalization of $35.47 million, a price-to-earnings ratio of 26.96 and a beta of 1.07. iShares U.S. Industry Rotation Active ETF has a fifty-two week low of $29.63 and a fifty-two week high of $37.44. The stock has a 50 day simple moving average of $36.29 and a 200-day simple moving average of $34.40.

iShares U.S. Industry Rotation Active ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a $0.04 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in iShares U.S. Industry Rotation Active ETF stock. Imprint Wealth LLC bought a new stake in iShares U.S. Industry Rotation Active ETF (NASDAQ:INROFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,934 shares of the company’s stock, valued at approximately $251,000. Imprint Wealth LLC owned approximately 0.81% of iShares U.S. Industry Rotation Active ETF at the end of the most recent quarter.

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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