Short Interest in iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Drops By 42.2%
by Doug Wharley · The Cerbat GemiShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO – Get Free Report) was the target of a large drop in short interest in March. As of March 31st, there was short interest totaling 111,255 shares, a drop of 42.2% from the March 15th total of 192,541 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 1,367,381 shares, the days-to-cover ratio is currently 0.1 days.
iShares U.S. Thematic Rotation Active ETF Stock Performance
THRO stock traded up $0.49 during midday trading on Tuesday, reaching $39.16. The stock had a trading volume of 842,927 shares, compared to its average volume of 1,222,880. The firm has a fifty day simple moving average of $37.61 and a two-hundred day simple moving average of $38.16. The stock has a market cap of $8.00 billion, a PE ratio of -3,800.47 and a beta of 1.09. iShares U.S. Thematic Rotation Active ETF has a 52-week low of $29.37 and a 52-week high of $39.44.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in THRO. JPMorgan Chase & Co. raised its position in iShares U.S. Thematic Rotation Active ETF by 3.4% in the fourth quarter. JPMorgan Chase & Co. now owns 10,647,530 shares of the company’s stock valued at $410,569,000 after purchasing an additional 353,519 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of iShares U.S. Thematic Rotation Active ETF by 2.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 2,533,088 shares of the company’s stock worth $97,676,000 after purchasing an additional 53,645 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of iShares U.S. Thematic Rotation Active ETF by 8.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,333,235 shares of the company’s stock worth $89,970,000 after purchasing an additional 184,774 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in iShares U.S. Thematic Rotation Active ETF in the third quarter valued at $51,077,000. Finally, United Capital Financial Advisors LLC boosted 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 in the last quarter.
iShares U.S. Thematic Rotation Active ETF Company Profile
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.