iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Short Interest Down 81.8% in May

iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 62,446 shares, a drop of 81.8% from the April 30th total of 343,457 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 766,549 shares, the days-to-cover ratio is currently 0.1 days.

iShares U.S. Thematic Rotation Active ETF Stock Performance

NYSEARCA:THRO opened at $43.05 on Thursday. The company has a market cap of $8.72 billion, a PE ratio of -4,177.99 and a beta of 1.10. iShares U.S. Thematic Rotation Active ETF has a 52-week low of $33.68 and a 52-week high of $43.18. The stock has a 50-day simple moving average of $39.55 and a 200 day simple moving average of $38.85.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of THRO. Atlatl Advisers LLC grew its holdings in shares of iShares U.S. Thematic Rotation Active ETF by 17.9% during the third quarter. Atlatl Advisers LLC now owns 19,274 shares of the company’s stock worth $730,000 after buying an additional 2,933 shares in the last quarter. Commonwealth Retirement Investments LLC boosted its position in iShares U.S. Thematic Rotation Active ETF by 8.1% during the third quarter. Commonwealth Retirement Investments LLC now owns 40,308 shares of the company’s stock valued at $1,526,000 after purchasing an additional 3,035 shares during the last quarter. Cornerstone Planning Group LLC boosted its position in iShares U.S. Thematic Rotation Active ETF by 8,396.3% during the third quarter. Cornerstone Planning Group LLC now owns 53,442 shares of the company’s stock valued at $2,062,000 after purchasing an additional 52,813 shares during the last quarter. JPMorgan Chase & Co. boosted its position in iShares U.S. Thematic Rotation Active ETF by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 10,294,011 shares of the company’s stock valued at $389,731,000 after purchasing an additional 272,964 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its position in iShares U.S. Thematic Rotation Active ETF by 5.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 7,535 shares of the company’s stock valued at $285,000 after purchasing an additional 362 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.