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

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 20,386 shares, a drop of 67.4% from the October 15th total of 62,577 shares. Based on an average trading volume of 223,166 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

iShares U.S. Industry Rotation Active ETF Stock Down 0.8%

NASDAQ:INRO traded down $0.28 during trading hours on Friday, hitting $35.75. 155,349 shares of the stock traded hands, compared to its average volume of 91,444. iShares U.S. Industry Rotation Active ETF has a 1 year low of $29.63 and a 1 year high of $37.90. The company has a market cap of $555.52 million, a price-to-earnings ratio of 23.81 and a beta of 1.07. The stock has a 50 day moving average price of $36.65 and a 200 day moving average price of $34.95.

iShares U.S. Industry Rotation Active ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.0543 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, September 15th. This is a positive change from iShares U.S. Industry Rotation Active ETF’s previous quarterly dividend of $0.04.

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.