iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,921 shares, a growth of 108.1% from the August 15th total of 923 shares. Based on an average trading volume of 1,714 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.2% of the company’s shares are sold short.
Institutional Investors Weigh In On iShares U.S. Industry Rotation Active ETF
A hedge fund recently bought a new stake in iShares U.S. Industry Rotation Active ETF stock. Imprint Wealth LLC acquired a new position in shares of iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,934 shares of the company’s stock, valued at approximately $251,000. Imprint Wealth LLC owned 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 Stock Performance
Shares of NASDAQ:INRO traded down $0.28 during mid-day trading on Monday, hitting $36.44. The stock had a trading volume of 4,957 shares, compared to its average volume of 3,485. The company’s 50 day moving average is $36.43 and its 200-day moving average is $34.78. iShares U.S. Industry Rotation Active ETF has a 12-month low of $29.63 and a 12-month high of $37.44. The company has a market cap of $34.98 million, a PE ratio of 26.96 and a beta of 1.07.
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.
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