iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO – Get Free Report) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 62,577 shares, a drop of 59.9% from the September 30th total of 155,964 shares. Based on an average trading volume of 190,860 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are sold short.
iShares U.S. Industry Rotation Active ETF Stock Down 2.0%
iShares U.S. Industry Rotation Active ETF stock traded down $0.75 during mid-day trading on Friday, hitting $35.99. 868,427 shares of the company’s stock traded hands, compared to its average volume of 84,071. The firm has a 50 day moving average price of $36.82 and a 200 day moving average price of $34.80. The company has a market cap of $526.17 million, a PE ratio of 26.96 and a beta of 1.06. iShares U.S. Industry Rotation Active ETF has a one year low of $29.63 and a one year high of $37.90.
iShares U.S. Industry Rotation Active ETF Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.0543 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change from iShares U.S. Industry Rotation Active ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, September 15th.
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.
Featured Stories
- Five stocks we like better than iShares U.S. Industry Rotation Active ETF
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
Receive News & Ratings for iShares U.S. Industry Rotation Active ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Industry Rotation Active ETF and related companies with MarketBeat.com's FREE daily email newsletter.
