iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO – Get 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
About iShares U.S. Industry Rotation Active ETF
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.
See Also
- Five stocks we like better than iShares U.S. Industry Rotation Active ETF
- 3 Unexpected ETFs Crushing the Market This Summer
- Is Best Buy the AI Winner Hiding in the Electronics Aisle?
- Applied Materials Beat Everything but Wall Street’s Expectations for Margins
- Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
Receive News & Ratings for iShares U.S. Industry Rotation Active ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Industry Rotation Active ETF and related companies with MarketBeat.com's FREE daily email newsletter.
