iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Short Interest Down 64.1% in August

iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 124,965 shares, a drop of 64.1% from the July 30th total of 347,861 shares. Based on an average daily trading volume, of 608,152 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

iShares U.S. Thematic Rotation Active ETF Stock Down 0.2%

THRO traded down $0.10 during trading hours on Friday, hitting $43.85. The stock had a trading volume of 548,176 shares, compared to its average volume of 1,356,164. The stock has a market cap of $6.65 billion, a PE ratio of -4,255.63 and a beta of 1.10. The company’s fifty day simple moving average is $43.10 and its 200 day simple moving average is $40.92. iShares U.S. Thematic Rotation Active ETF has a 1 year low of $34.94 and a 1 year high of $44.58.

Institutional Investors Weigh In On iShares U.S. Thematic Rotation Active ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. purchased a new stake in iShares U.S. Thematic Rotation Active ETF in the 3rd quarter worth approximately $51,077,000. JPMorgan Chase & Co. increased its position in shares of iShares U.S. Thematic Rotation Active ETF by 3.4% during the 4th quarter. JPMorgan Chase & Co. now owns 10,647,530 shares of the company’s stock valued at $410,569,000 after purchasing an additional 353,519 shares during the last quarter. Bank of New York Mellon Corp grew its position in iShares U.S. Thematic Rotation Active ETF by 11.7% during the first quarter. Bank of New York Mellon Corp now owns 2,606,084 shares of the company’s stock valued at $94,392,000 after acquiring an additional 272,849 shares during the last quarter. Kickstand Ventures LLC. bought a new position in shares of iShares U.S. Thematic Rotation Active ETF during the 2nd quarter valued at $6,945,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of iShares U.S. Thematic Rotation Active ETF by 8.2% in the first quarter. Janney Montgomery Scott LLC now owns 2,740,311 shares of the company’s stock worth $99,254,000 after buying an additional 207,223 shares during the period.

iShares U.S. Thematic Rotation Active ETF Company Profile

The iShares U.S. Thematic Rotation Active ETF (THRO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of US stocks selected to provide exposure to multiple themes, including emerging and structural trends. THRO was launched on Dec 14, 2021 and is issued by BlackRock.