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

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 155,964 shares, an increase of 2,745.5% from the September 15th total of 5,481 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 1,130,671 shares, the days-to-cover ratio is presently 0.1 days.

iShares U.S. Industry Rotation Active ETF Stock Performance

Shares of NASDAQ:INRO traded up $0.21 during midday trading on Friday, hitting $37.53. 488,551 shares of the company’s stock traded hands, compared to its average volume of 75,640. iShares U.S. Industry Rotation Active ETF has a twelve month low of $29.63 and a twelve month high of $37.90. The company has a market cap of $491.64 million, a PE ratio of 26.96 and a beta of 1.06. The firm’s fifty day moving average price is $36.85 and its two-hundred day moving average price is $35.46.

iShares U.S. Industry Rotation Active ETF Increases Dividend

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

iShares U.S. Industry Rotation Active ETF Company Profile

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.