iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Short Interest Down 89.4% in August

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 923 shares, a decrease of 89.4% from the July 30th total of 8,672 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,782 shares, the short-interest ratio is currently 0.5 days.

iShares U.S. Industry Rotation Active ETF Price Performance

Shares of NASDAQ:INRO traded up $0.04 during trading on Wednesday, reaching $36.73. 1,769 shares of the company were exchanged, compared to its average volume of 3,339. iShares U.S. Industry Rotation Active ETF has a 12-month low of $29.63 and a 12-month high of $37.44. The firm has a market capitalization of $35.26 million, a PE ratio of 26.96 and a beta of 1.07. The business’s fifty day simple moving average is $36.28 and its 200-day simple moving average is $34.37.

iShares U.S. Industry Rotation Active ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares U.S. Industry Rotation Active ETF stock. Imprint Wealth LLC acquired a new position in iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,934 shares of the company’s stock, valued at approximately $251,000. Imprint Wealth LLC owned approximately 0.81% of iShares U.S. Industry Rotation Active ETF as of its most recent SEC filing.

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.