iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Sees Significant Drop in Short Interest

iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 468,500 shares, a drop of 88.0% from the May 31st total of 3,917,700 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 2,046,847 shares, the short-interest ratio is currently 0.2 days.

iShares U.S. Thematic Rotation Active ETF Stock Down 0.8%

Shares of iShares U.S. Thematic Rotation Active ETF stock traded down $0.35 on Friday, hitting $41.94. 822,553 shares of the company traded hands, compared to its average volume of 1,636,674. The company has a 50-day moving average price of $42.08 and a 200 day moving average price of $39.56. iShares U.S. Thematic Rotation Active ETF has a 12-month low of $34.94 and a 12-month high of $43.76. The company has a market cap of $8.49 billion, a PE ratio of -4,070.26 and a beta of 1.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of THRO. JPMorgan Chase & Co. increased its position in iShares U.S. Thematic Rotation Active ETF by 3.4% in the 4th quarter. JPMorgan Chase & Co. now owns 10,647,530 shares of the company’s stock worth $410,569,000 after purchasing an additional 353,519 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in iShares U.S. Thematic Rotation Active ETF by 8.2% in the first quarter. Janney Montgomery Scott LLC now owns 2,740,311 shares of the company’s stock worth $99,254,000 after buying an additional 207,223 shares during the last quarter. Bank of New York Mellon Corp raised its position in iShares U.S. Thematic Rotation Active ETF by 11.7% during the first quarter. Bank of New York Mellon Corp now owns 2,606,084 shares of the company’s stock valued at $94,392,000 after acquiring an additional 272,849 shares in the last quarter. Ameriprise Financial Inc. bought a new position in iShares U.S. Thematic Rotation Active ETF during the third quarter valued at approximately $51,077,000. Finally, United Capital Financial Advisors LLC lifted its stake in iShares U.S. Thematic Rotation Active ETF by 2.0% in the third quarter. United Capital Financial Advisors LLC now owns 1,220,914 shares of the company’s stock valued at $46,224,000 after acquiring an additional 23,936 shares during the last quarter.

About iShares U.S. Thematic Rotation Active ETF

The iShares U.S. Thematic Rotation Active ETF (THRO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of US stocks selected to provide exposure to multiple themes, including emerging and structural trends. THRO was launched on Dec 14, 2021 and is issued by BlackRock.