iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO – Get Free Report) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 2,600 shares, a decline of 90.4% from the February 13th total of 27,100 shares. Based on an average daily trading volume, of 6,400 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the company’s stock are sold short.
iShares U.S. Industry Rotation Active ETF Stock Up 0.7 %
Shares of INRO stock traded up $0.17 during trading hours on Thursday, hitting $26.18. 1,061 shares of the company’s stock traded hands, compared to its average volume of 6,835. The stock has a market cap of $18.33 million, a price-to-earnings ratio of 24.43 and a beta of 1.49. iShares U.S. Industry Rotation Active ETF has a 12-month low of $23.35 and a 12-month high of $29.01. The stock’s fifty day simple moving average is $28.09 and its two-hundred day simple moving average is $27.68.
iShares U.S. Industry Rotation Active ETF Increases Dividend
The company also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a $0.0662 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This is a boost from iShares U.S. Industry Rotation Active ETF’s previous dividend of $0.04.
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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