iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Sees Significant Increase in Short Interest

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

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in THRO. Farther Finance Advisors LLC boosted its stake in shares of iShares U.S. Thematic Rotation Active ETF by 32.9% in the 4th quarter. Farther Finance Advisors LLC now owns 342,503 shares of the company’s stock worth $13,207,000 after buying an additional 84,874 shares during the last quarter. Magnolia Private Wealth LLC purchased a new stake in iShares U.S. Thematic Rotation Active ETF during the fourth quarter valued at $476,000. CoreCap Advisors LLC lifted its holdings in iShares U.S. Thematic Rotation Active ETF by 39.7% in the fourth quarter. CoreCap Advisors LLC now owns 67,808 shares of the company’s stock valued at $2,615,000 after acquiring an additional 19,254 shares during the period. Twin Peaks Wealth Advisors LLC lifted its holdings in iShares U.S. Thematic Rotation Active ETF by 19.0% in the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 106,317 shares of the company’s stock valued at $4,136,000 after acquiring an additional 16,989 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in iShares U.S. Thematic Rotation Active ETF by 2.7% in the third quarter. JPMorgan Chase & Co. now owns 10,294,011 shares of the company’s stock worth $389,731,000 after purchasing an additional 272,964 shares during the last quarter.

iShares U.S. Thematic Rotation Active ETF Stock Down 0.5%

THRO traded down $0.20 during midday trading on Tuesday, hitting $42.26. 1,828,281 shares of the company traded hands, compared to its average volume of 1,645,087. The company’s 50-day moving average is $40.73 and its 200 day moving average is $39.17. The firm has a market capitalization of $8.56 billion, a PE ratio of -4,101.32 and a beta of 1.10. iShares U.S. Thematic Rotation Active ETF has a 52 week low of $34.03 and a 52 week high of $43.76.

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.