iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Sees Significant Increase in Short Interest

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 5,481 shares, a growth of 185.3% from the August 31st total of 1,921 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 6,411 shares, the short-interest ratio is currently 0.9 days.

iShares U.S. Industry Rotation Active ETF Stock Performance

Shares of iShares U.S. Industry Rotation Active ETF stock traded up $0.24 on Friday, hitting $37.20. The company had a trading volume of 3,079,744 shares, compared to its average volume of 61,686. The stock has a market capitalization of $37.94 million, a price-to-earnings ratio of 26.96 and a beta of 1.07. iShares U.S. Industry Rotation Active ETF has a 1 year low of $29.63 and a 1 year high of $37.90. The stock has a 50 day moving average of $36.56 and a 200-day moving average of $35.07.

iShares U.S. Industry Rotation Active ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a $0.0543 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 15th. This is an increase from iShares U.S. Industry Rotation Active ETF’s previous quarterly dividend of $0.04.

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.