iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Sees Large Decline in Short Interest

iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 468,500 shares, a decline of 88.0% from the May 31st total of 3,917,700 shares. Based on an average trading volume of 2,046,847 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

iShares U.S. Thematic Rotation Active ETF Trading Down 0.8%

THRO stock traded down $0.35 during midday trading on Friday, hitting $41.94. The company’s stock had a trading volume of 822,553 shares, compared to its average volume of 1,636,674. The firm’s 50-day moving average is $42.08 and its 200-day moving average is $39.56. iShares U.S. Thematic Rotation Active ETF has a 12 month low of $34.94 and a 12 month high of $43.76. The company has a market cap of $8.49 billion, a PE ratio of -4,070.26 and a beta of 1.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of THRO. Ameriprise Financial Inc. purchased a new stake in shares of iShares U.S. Thematic Rotation Active ETF during the third quarter valued at $51,077,000. JPMorgan Chase & Co. raised its position in iShares U.S. Thematic Rotation Active ETF by 3.4% in the 4th quarter. JPMorgan Chase & Co. now owns 10,647,530 shares of the company’s stock worth $410,569,000 after buying an additional 353,519 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in 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 valued at $94,392,000 after acquiring an additional 272,849 shares during the period. Janney Montgomery Scott LLC lifted its stake in 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 valued at $99,254,000 after acquiring an additional 207,223 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in iShares U.S. Thematic Rotation Active ETF by 32.9% during the 4th quarter. Farther Finance Advisors LLC now owns 342,503 shares of the company’s stock valued at $13,207,000 after acquiring an additional 84,874 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.