iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Short Interest Down 80.5% in November

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 1,500 shares, a drop of 80.5% from the October 31st total of 7,700 shares. Based on an average daily trading volume, of 3,400 shares, the days-to-cover ratio is currently 0.4 days.

iShares U.S. Industry Rotation Active ETF Stock Up 0.5 %

Shares of INRO stock traded up $0.13 during trading hours on Friday, hitting $28.69. 1,214 shares of the company’s stock traded hands, compared to its average volume of 481. iShares U.S. Industry Rotation Active ETF has a 12 month low of $23.35 and a 12 month high of $28.74. The stock has a market cap of $16.64 million, a PE ratio of 24.72 and a beta of 1.49. The stock’s 50 day simple moving average is $27.57 and its 200 day simple moving average is $26.44.

iShares U.S. Industry Rotation Active ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were given a dividend of $0.0374 per share. The ex-dividend date was Wednesday, September 25th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares U.S. Industry Rotation Active ETF stock. Stonebrook Private Inc. purchased a new stake in shares of iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 69,411 shares of the company’s stock, valued at approximately $1,804,000. Stonebrook Private Inc. owned about 19.28% of iShares U.S. Industry Rotation Active ETF at the end of the most recent quarter.

iShares U.S. Industry Rotation Active ETF Company Profile

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.