iShares U.S. Manufacturing ETF (NYSEARCA:MADE) Short Interest Up 86.6% in June

iShares U.S. Manufacturing ETF (NYSEARCA:MADE) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 4,166 shares, a growth of 86.6% from the May 31st total of 2,233 shares. Based on an average daily trading volume, of 17,176 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the company’s stock are sold short.

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

Large investors have recently bought and sold shares of the stock. Breachway Investments LLC purchased a new stake in shares of iShares U.S. Manufacturing ETF during the 4th quarter worth $360,000. WealthCare Investment Partners LLC raised its stake in iShares U.S. Manufacturing ETF by 105.6% in the fourth 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. Allegheny Financial Group purchased a new stake in iShares U.S. Manufacturing ETF during the 1st quarter worth about $304,000. Kestra Private Wealth Services LLC purchased a new stake in iShares U.S. Manufacturing ETF during the 1st quarter worth about $261,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of iShares U.S. Manufacturing ETF by 58.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 17,125 shares of the company’s stock worth $455,000 after acquiring an additional 6,295 shares in the last quarter.

iShares U.S. Manufacturing ETF Stock Performance

Shares of iShares U.S. Manufacturing ETF stock traded down $0.82 during trading hours on Wednesday, reaching $38.64. 21,724 shares of the company were exchanged, compared to its average volume of 22,091. iShares U.S. Manufacturing ETF has a 1 year low of $26.84 and a 1 year high of $39.68. The stock’s fifty day moving average is $37.51 and its 200 day moving average is $35.36. The firm has a market cap of $59.12 million, a PE ratio of 20.18 and a beta of 1.18.

About iShares U.S. Manufacturing ETF

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.