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

iShares U.S. Industry Rotation Active ETF (NASDAQ:INROGet Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 8,672 shares, an increase of 149.1% from the July 15th total of 3,482 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 1,297 shares, the days-to-cover ratio is presently 6.7 days.

iShares U.S. Industry Rotation Active ETF Stock Down 0.1%

NASDAQ:INRO opened at $37.29 on Friday. The stock’s 50 day moving average price is $36.13 and its two-hundred day moving average price is $34.15. The firm has a market capitalization of $35.80 million, a price-to-earnings ratio of 26.96 and a beta of 1.07. iShares U.S. Industry Rotation Active ETF has a 12-month low of $29.63 and a 12-month high of $37.44.

iShares U.S. Industry Rotation Active ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 15th.

Institutional Investors Weigh In On iShares U.S. Industry Rotation Active ETF

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

About iShares U.S. Industry Rotation Active ETF

(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.

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