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

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 7,618 shares, an increase of 205.0% from the April 30th total of 2,498 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 2,176 shares, the short-interest ratio is currently 3.5 days.

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

A hedge fund recently bought a new stake in iShares U.S. Industry Rotation Active ETF stock. Imprint Wealth LLC purchased a new stake in iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,934 shares of the company’s stock, valued at approximately $251,000. Imprint Wealth LLC owned about 0.81% of iShares U.S. Industry Rotation Active ETF at the end of the most recent reporting period.

iShares U.S. Industry Rotation Active ETF Stock Performance

iShares U.S. Industry Rotation Active ETF stock opened at $36.32 on Friday. The stock has a market cap of $32.69 million, a P/E ratio of 26.96 and a beta of 1.07. The company has a fifty day simple moving average of $33.47 and a 200-day simple moving average of $32.63. iShares U.S. Industry Rotation Active ETF has a 12-month low of $27.36 and a 12-month high of $36.38.

iShares U.S. Industry Rotation Active ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a dividend of $0.0577 per share. This represents a $0.23 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 17th.

About iShares U.S. Industry Rotation Active ETF

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.