iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 923 shares, a decline of 89.4% from the July 30th total of 8,672 shares. Based on an average trading volume of 1,782 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are short sold.
Hedge Funds 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 acquired a new stake in shares of iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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 as of its most recent SEC filing.
iShares U.S. Industry Rotation Active ETF Price Performance
Shares of NASDAQ:INRO traded up $0.16 during midday trading on Tuesday, reaching $36.69. 2,659 shares of the company’s stock were exchanged, compared to its average volume of 3,353. The firm’s 50 day simple moving average is $36.28 and its two-hundred day simple moving average is $34.37. iShares U.S. Industry Rotation Active ETF has a fifty-two week low of $29.63 and a fifty-two week high of $37.44. The stock has a market cap of $35.22 million, a price-to-earnings ratio of 26.96 and a beta of 1.07.
iShares U.S. Industry Rotation Active ETF Cuts Dividend
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.
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