As of Jul 11, 2025, iShares U.S. Thematic Rotation Active ETF has 62,271 shares failed to deliver, representing 2.30% of the average daily volume of 2,705,620 shares. Over the past year, the monthly average FTD is 25,622 shares, with the current level 143% above the historical average, indicating elevated settlement pressure. The weighted FTD ratio above 1% suggests potential liquidity constraints or heightened short-selling activity.