Short Interest in iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Declines By 80.5%

Posted by Doug Madison on Nov 28th, 2024

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

iShares U.S. Industry Rotation Active ETF Trading Down 0.5 %

NASDAQ INRO traded down $0.13 during trading hours on Wednesday, reaching $28.56. 1,439 shares of the company traded hands, compared to its average volume of 481. The stock has a market capitalization of $16.56 million, a PE ratio of 24.72 and a beta of 1.49. iShares U.S. Industry Rotation Active ETF has a 12 month low of $23.35 and a 12 month high of $28.70. The company has a 50 day moving average of $27.50 and a two-hundred day moving average of $26.40.

iShares U.S. Industry Rotation Active ETF Announces Dividend

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares U.S. Industry Rotation Active ETF stock. Stonebrook Private Inc. bought a new stake in shares of iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 69,411 shares of the company’s stock, valued at approximately $1,804,000. Stonebrook Private Inc. owned 19.28% of iShares U.S. Industry Rotation Active ETF as of its most recent SEC filing.

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.