iShares U.S. Manufacturing ETF (NYSEARCA:MADE) Sees Large Increase in Short Interest

iShares U.S. Manufacturing ETF (NYSEARCA:MADE) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 17,327 shares, a growth of 315.9% from the June 15th total of 4,166 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,893 shares, the short-interest ratio is currently 0.9 days.

iShares U.S. Manufacturing ETF Stock Up 0.7%

NYSEARCA MADE traded up $0.27 during trading on Tuesday, hitting $37.29. 5,667 shares of the stock traded hands, compared to its average volume of 22,521. iShares U.S. Manufacturing ETF has a 12-month low of $26.84 and a 12-month high of $39.68. The firm has a 50-day simple moving average of $37.68 and a 200-day simple moving average of $35.73. The company has a market capitalization of $62.65 million, a P/E ratio of 20.18 and a beta of 1.13.

Institutional Investors Weigh In On iShares U.S. Manufacturing ETF

Several large investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in iShares U.S. Manufacturing ETF by 316.5% during the first quarter. Royal Bank of Canada now owns 1,212 shares of the company’s stock valued at $40,000 after purchasing an additional 921 shares during the last quarter. Mascagni Wealth Management Inc. increased its holdings in shares of iShares U.S. Manufacturing ETF by 7.0% in the 1st quarter. Mascagni Wealth Management Inc. now owns 21,428 shares of the company’s stock worth $714,000 after buying an additional 1,411 shares during the last quarter. WealthBridge Capital Management LLC raised its position in shares of iShares U.S. Manufacturing ETF by 7.7% during the 4th quarter. WealthBridge Capital Management LLC now owns 59,982 shares of the company’s stock valued at $1,871,000 after buying an additional 4,289 shares in the last quarter. Citadel Advisors LLC raised its position in shares of iShares U.S. Manufacturing ETF by 24.7% during the 3rd quarter. Citadel Advisors LLC now owns 26,043 shares of the company’s stock valued at $762,000 after buying an additional 5,158 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of iShares U.S. Manufacturing ETF by 58.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 17,125 shares of the company’s stock valued at $455,000 after acquiring an additional 6,295 shares during the last quarter.

iShares U.S. Manufacturing ETF Company Profile

The iShares U.S. Manufacturing ETF (MADE) is an exchange-traded fund that is based on the S&P U.S. Manufacturing Select index. The fund is passively managed to invest in US equity securities that derive revenues from manufacturing and manufacturing-related sectors. The fund optimizes the portfolio by setting weight limits for select sectors. MADE was launched on Jul 17, 2024 and is issued by BlackRock.