iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,921 shares, an increase of 108.1% from the August 15th total of 923 shares. Based on an average trading volume of 1,714 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.2% of the company’s stock are sold short.
iShares U.S. Industry Rotation Active ETF Stock Performance
iShares U.S. Industry Rotation Active ETF stock traded up $0.18 during midday trading on Wednesday, hitting $36.34. 349 shares of the company’s stock were exchanged, compared to its average volume of 3,452. The company has a market cap of $72.64 million, a PE ratio of 26.96 and a beta of 1.07. The firm has a 50-day moving average of $36.45 and a two-hundred day moving average of $34.83. iShares U.S. Industry Rotation Active ETF has a 12 month low of $29.63 and a 12 month high of $37.44.
iShares U.S. Industry Rotation Active ETF Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.0543 per share. This is a boost from iShares U.S. Industry Rotation Active ETF’s previous quarterly dividend of $0.04. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 15th.
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.
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