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

iShares U.S. Manufacturing ETF (NYSEARCA:MADE) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,233 shares, a growth of 164.3% from the May 14th total of 845 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 18,699 shares, the short-interest ratio is presently 0.1 days.

iShares U.S. Manufacturing ETF Stock Up 0.8%

Shares of NYSEARCA:MADE traded up $0.29 on Friday, hitting $37.64. The company had a trading volume of 40,360 shares, compared to its average volume of 22,227. The firm’s 50-day simple moving average is $36.72 and its two-hundred day simple moving average is $34.63. iShares U.S. Manufacturing ETF has a 1 year low of $25.54 and a 1 year high of $38.71. The firm has a market capitalization of $57.59 million, a price-to-earnings ratio of 20.18 and a beta of 1.18.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. WealthCare Investment Partners LLC lifted 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 worth $610,000 after purchasing an additional 9,791 shares during the period. WealthBridge Capital Management LLC lifted its position in shares of iShares U.S. Manufacturing ETF by 7.7% in the 4th 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. Kestra Private Wealth Services LLC purchased a new stake in shares of iShares U.S. Manufacturing ETF in the 1st quarter worth about $261,000. Mascagni Wealth Management Inc. lifted its position 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 purchasing an additional 1,411 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of iShares U.S. Manufacturing ETF by 316.5% in the 1st quarter. Royal Bank of Canada now owns 1,212 shares of the company’s stock worth $40,000 after acquiring an additional 921 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.