iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) saw an uptick in trading volume on Thursday. Approximately 5,968,407 shares traded hands during trading, an increase of 385% from the average daily volume of 1,230,739 shares. The stock last traded at $42.7350 and had previously closed at $42.86.

iShares U.S. Thematic Rotation Active ETF Stock Up 0.2%

The company has a market cap of $7.34 billion, a price-to-earnings ratio of -4,173.62 and a beta of 1.10. The company’s fifty day moving average price is $43.82 and its two-hundred day moving average price is $41.58.

Hedge Funds Weigh In On iShares U.S. Thematic Rotation Active ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its stake in shares of iShares U.S. Thematic Rotation Active ETF by 11.7% in 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 buying an additional 272,849 shares in the last quarter. Kickstand Ventures LLC. acquired a new position in iShares U.S. Thematic Rotation Active ETF during the 2nd quarter worth about $6,945,000. Legacy Financial Group LLC bought a new stake in iShares U.S. Thematic Rotation Active ETF during the 3rd quarter worth about $6,389,000. Parallel Advisors LLC bought a new stake in iShares U.S. Thematic Rotation Active ETF during the 3rd quarter worth about $5,690,000. Finally, CoreCap Advisors LLC bought a new stake in iShares U.S. Thematic Rotation Active ETF during the 3rd quarter worth about $3,188,000.

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.