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

iShares U.S. Industry Rotation Active ETF (NASDAQ:INROGet Free Report) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 8,672 shares, a growth of 149.1% from the July 15th total of 3,482 shares. Based on an average trading volume of 1,297 shares, the short-interest ratio is presently 6.7 days. Currently, 0.9% of the shares of the stock are short sold.

iShares U.S. Industry Rotation Active ETF Stock Up 0.7%

Shares of NASDAQ:INRO opened at $37.44 on Friday. The firm has a market cap of $35.94 million, a P/E ratio of 26.96 and a beta of 1.07. iShares U.S. Industry Rotation Active ETF has a 12-month low of $29.63 and a 12-month high of $37.44. The business has a fifty day simple moving average of $36.10 and a 200 day simple moving average of $34.13.

iShares U.S. Industry Rotation Active ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a $0.04 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.16 annualized dividend and a yield of 0.4%.

Hedge Funds Weigh In On iShares U.S. Industry Rotation Active ETF

A hedge fund recently bought a new position in iShares U.S. Industry Rotation Active ETF stock. Imprint Wealth LLC acquired a new stake in shares of iShares U.S. Industry Rotation Active ETF (NASDAQ:INROFree Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,934 shares of the company’s stock, valued at approximately $251,000. Imprint Wealth LLC owned approximately 0.81% of iShares U.S. Industry Rotation Active ETF at the end of the most recent quarter.

iShares U.S. Industry Rotation Active ETF Company Profile

(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.

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