Short Interest in iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Grows By 124.6%

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 15,500 shares, an increase of 124.6% from the December 15th total of 6,900 shares. Based on an average daily volume of 3,600 shares, the short-interest ratio is presently 4.3 days.

iShares U.S. Industry Rotation Active ETF Stock Performance

Shares of INRO stock traded down $0.01 on Thursday, hitting $28.18. The company’s stock had a trading volume of 1,042 shares, compared to its average volume of 4,841. The company has a market capitalization of $19.16 million, a PE ratio of 24.72 and a beta of 1.49. iShares U.S. Industry Rotation Active ETF has a fifty-two week low of $23.35 and a fifty-two week high of $28.93. The stock’s 50 day moving average is $28.30 and its 200-day moving average is $27.07.

iShares U.S. Industry Rotation Active ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a $0.0662 dividend. This is a positive change from iShares U.S. Industry Rotation Active ETF’s previous dividend of $0.04. The ex-dividend date was Tuesday, December 17th.

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.