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

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,500 shares, a drop of 80.5% from the October 31st total of 7,700 shares. Based on an average daily volume of 3,400 shares, the short-interest ratio is presently 0.4 days.

iShares U.S. Industry Rotation Active ETF Stock Performance

Shares of INRO stock traded up $0.13 on Friday, hitting $28.69. The company’s stock had a trading volume of 1,214 shares, compared to its average volume of 481. iShares U.S. Industry Rotation Active ETF has a fifty-two week low of $23.35 and a fifty-two week high of $28.74. The company has a market capitalization of $16.64 million, a PE ratio of 24.72 and a beta of 1.49. The stock’s 50 day moving average is $27.57 and its 200-day moving average is $26.44.

iShares U.S. Industry Rotation Active ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were given a $0.0374 dividend. The ex-dividend date 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. bought a new position in shares of iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 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 as of its most recent filing with the SEC.

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.