iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Short Interest Update

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,921 shares, an increase of 108.1% from the August 15th total of 923 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 1,714 shares, the short-interest ratio is presently 1.1 days.

iShares U.S. Industry Rotation Active ETF Price Performance

Shares of INRO stock traded down $0.24 during trading hours on Tuesday, hitting $36.16. The stock had a trading volume of 2,816 shares, compared to its average volume of 3,470. The firm has a market capitalization of $72.28 million, a PE ratio of 26.96 and a beta of 1.07. The stock’s 50 day moving average is $36.45 and its 200 day moving average is $34.83. iShares U.S. Industry Rotation Active ETF has a twelve month low of $29.63 and a twelve month high of $37.44.

iShares U.S. Industry Rotation Active ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0543 per share. This represents a $0.22 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 15th. This is an increase from iShares U.S. Industry Rotation Active ETF’s previous quarterly dividend of $0.04.

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.