iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Short Interest Up 6,173.7% in May

iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 3,917,700 shares, a growth of 6,173.7% from the May 14th total of 62,446 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 6,873,198 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On iShares U.S. Thematic Rotation Active ETF

Hedge funds have recently made changes to their positions in the business. United Financial Planning Group LLC purchased a new position in shares of iShares U.S. Thematic Rotation Active ETF during the third quarter valued at approximately $27,000. Bogart Wealth LLC purchased a new position in shares of iShares U.S. Thematic Rotation Active ETF during the first quarter valued at approximately $31,000. Team Financial Group LLC increased its stake in shares of iShares U.S. Thematic Rotation Active ETF by 18.5% during the fourth quarter. Team Financial Group LLC now owns 2,124 shares of the company’s stock valued at $82,000 after buying an additional 332 shares during the period. Continuum Advisory LLC purchased a new position in shares of iShares U.S. Thematic Rotation Active ETF during the fourth quarter valued at approximately $211,000. Finally, Imprint Wealth LLC purchased a new stake in iShares U.S. Thematic Rotation Active ETF in the third quarter worth $281,000.

iShares U.S. Thematic Rotation Active ETF Stock Performance

THRO opened at $41.52 on Thursday. iShares U.S. Thematic Rotation Active ETF has a 52-week low of $34.03 and a 52-week high of $43.76. The stock has a market capitalization of $8.41 billion, a PE ratio of -4,029.50 and a beta of 1.10. The stock’s 50 day moving average price is $40.85 and its 200-day moving average price is $39.20.

iShares U.S. Thematic Rotation Active ETF Company Profile

The iShares U.S. Thematic Rotation Active ETF (THRO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of US stocks selected to provide exposure to multiple themes, including emerging and structural trends. THRO was launched on Dec 14, 2021 and is issued by BlackRock.