iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO – Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 923 shares, a drop of 89.4% from the July 30th total of 8,672 shares. Based on an average trading volume of 1,782 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are short sold.
iShares U.S. Industry Rotation Active ETF Stock Performance
NASDAQ INRO traded up $0.16 during trading on Tuesday, hitting $36.69. The stock had a trading volume of 2,659 shares, compared to its average volume of 3,353. The stock has a 50 day simple moving average of $36.28 and a 200 day simple moving average of $34.37. iShares U.S. Industry Rotation Active ETF has a one year low of $29.63 and a one year high of $37.44. The stock has a market capitalization of $35.22 million, a price-to-earnings ratio of 26.96 and a beta of 1.07.
iShares U.S. Industry Rotation Active ETF Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued 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
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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