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

Posted by Tech Dows on Dec 13th, 2024

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO – Get Free Report) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 5,900 shares, a growth of 293.3% from the November 15th total of 1,500 shares. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is currently 1.6 days.

iShares U.S. Industry Rotation Active ETF Stock Performance

INRO traded down $0.18 on Friday, hitting $28.72. The company had a trading volume of 1,975 shares, compared to its average volume of 481. The stock has a market capitalization of $16.66 million, a price-to-earnings ratio of 24.72 and a beta of 1.49. The stock has a fifty day moving average price of $27.92 and a 200-day moving average price of $26.67. iShares U.S. Industry Rotation Active ETF has a 12-month low of $23.35 and a 12-month high of $28.93.

iShares U.S. Industry Rotation Active ETF Announces Dividend

The company also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were given a dividend of $0.0374 per share. The ex-dividend date of this dividend was Wednesday, September 25th.

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. Stonebrook Private Inc. acquired a new position in iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 69,411 shares of the company’s stock, valued at approximately $1,804,000. Stonebrook Private Inc. owned approximately 19.28% 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.