BlackRock U.S. Industry Rotation ETF (NASDAQ:INRO) Short Interest Update

BlackRock U.S. Industry Rotation ETF (NASDAQ:INRO) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 5,200 shares, a growth of 173.7% from the July 15th total of 1,900 shares. Based on an average daily trading volume, of 3,500 shares, the days-to-cover ratio is presently 1.5 days.

BlackRock U.S. Industry Rotation ETF Stock Up 1.8 %

Shares of INRO traded up $0.47 during trading hours on Thursday, hitting $26.09. The company had a trading volume of 2,435 shares, compared to its average volume of 481. The stock has a market capitalization of $9.39 million, a PE ratio of 24.72 and a beta of 1.49. The company’s fifty day moving average is $25.92. BlackRock U.S. Industry Rotation ETF has a 52-week low of $23.35 and a 52-week high of $27.13.

BlackRock U.S. Industry Rotation ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were given a $0.0343 dividend. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $0.14 annualized dividend and a yield of 0.53%.

Institutional Investors Weigh In On BlackRock U.S. Industry Rotation ETF

An institutional investor recently bought a new position in BlackRock U.S. Industry Rotation ETF stock. Stonebrook Private Inc. acquired a new stake in shares of BlackRock U.S. Industry Rotation ETF (NASDAQ:INRO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 69,411 shares of the company’s stock, valued at approximately $1,804,000. Stonebrook Private Inc. owned about 19.28% of BlackRock U.S. Industry Rotation ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About BlackRock U.S. Industry Rotation 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.