iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Short Interest Up 292.8% in February

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 27,100 shares, a growth of 292.8% from the January 31st total of 6,900 shares. Based on an average daily volume of 5,900 shares, the short-interest ratio is currently 4.6 days.

iShares U.S. Industry Rotation Active ETF Price Performance

Shares of NASDAQ:INRO traded up $0.43 during mid-day trading on Friday, reaching $27.85. 594 shares of the company were exchanged, compared to its average volume of 7,215. The firm has a market cap of $19.50 million, a price-to-earnings ratio of 26.58 and a beta of 1.49. The firm’s 50-day simple moving average is $28.32 and its 200 day simple moving average is $27.64. iShares U.S. Industry Rotation Active ETF has a 1 year low of $23.35 and a 1 year high of $29.01.

iShares U.S. Industry Rotation Active ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a dividend of $0.0662 per share. The ex-dividend date 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.