iShares U.S. Manufacturing ETF (NYSEARCA:MADE) Short Interest Update

iShares U.S. Manufacturing ETF (NYSEARCA:MADE) was the target of 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. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,893 shares, the days-to-cover ratio is presently 0.9 days.

iShares U.S. Manufacturing ETF Trading Up 0.4%

NYSEARCA MADE traded up $0.14 during midday trading on Friday, hitting $37.62. The company had a trading volume of 10,263 shares, compared to its average volume of 22,444. The company has a market capitalization of $63.20 million, a PE ratio of 20.18 and a beta of 1.13. The firm has a 50-day moving average price of $37.68 and a 200-day moving average price of $35.66. iShares U.S. Manufacturing ETF has a twelve month low of $26.84 and a twelve month high of $39.68.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. WealthBridge Capital Management LLC lifted its position in iShares U.S. Manufacturing ETF by 7.7% during the fourth quarter. WealthBridge Capital Management LLC now owns 59,982 shares of the company’s stock worth $1,871,000 after purchasing an additional 4,289 shares during the period. Citadel Advisors LLC increased its holdings in iShares U.S. Manufacturing ETF by 24.7% in 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 during the period. Mascagni Wealth Management Inc. increased its holdings in 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 valued at $714,000 after buying an additional 1,411 shares during the period. WealthCare Investment Partners LLC raised its position in shares of iShares U.S. Manufacturing ETF by 105.6% in the 4th quarter. WealthCare Investment Partners LLC now owns 19,062 shares of the company’s stock valued at $610,000 after buying an additional 9,791 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position 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 buying an additional 6,295 shares in 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.