BlackRock U.S. Industry Rotation ETF (NASDAQ:INRO – Get Free Report) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 4,900 shares, an increase of 4,800.0% from the August 15th total of 100 shares. Based on an average daily trading volume, of 4,900 shares, the short-interest ratio is presently 1.0 days.
Hedge Funds Weigh In On BlackRock U.S. Industry Rotation ETF
A hedge fund recently bought a new stake in BlackRock U.S. Industry Rotation ETF stock. Stonebrook Private Inc. bought a new position in BlackRock U.S. Industry Rotation ETF (NASDAQ:INRO – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 69,411 shares of the company’s stock, valued at approximately $1,804,000. Stonebrook Private Inc. owned approximately 19.28% of BlackRock U.S. Industry Rotation ETF at the end of the most recent reporting period.
BlackRock U.S. Industry Rotation ETF Stock Up 0.7 %
INRO stock opened at $26.26 on Friday. BlackRock U.S. Industry Rotation ETF has a 12 month low of $23.35 and a 12 month high of $27.13. The firm has a 50 day simple moving average of $25.94. The firm has a market capitalization of $9.45 million, a price-to-earnings ratio of 24.72 and a beta of 1.49.
BlackRock U.S. Industry Rotation 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.
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