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

iShares U.S. Manufacturing ETF (NYSEARCA:MADE) was the target of a large growth in short interest during 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. Based on an average daily volume of 18,699 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

iShares U.S. Manufacturing ETF Trading Up 0.8%

Shares of iShares U.S. Manufacturing ETF stock traded up $0.29 on Friday, hitting $37.64. The stock had a trading volume of 40,360 shares, compared to its average volume of 22,227. iShares U.S. Manufacturing ETF has a 52-week low of $25.54 and a 52-week high of $38.71. The stock has a market cap of $57.59 million, a price-to-earnings ratio of 20.18 and a beta of 1.18. The company’s 50 day moving average price is $36.72 and its 200 day moving average price is $34.63.

Institutional Trading of iShares U.S. Manufacturing ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Breachway Investments LLC acquired a new stake in iShares U.S. Manufacturing ETF during the 4th quarter worth approximately $360,000. WealthCare Investment Partners LLC lifted its position in iShares U.S. Manufacturing ETF by 105.6% during the 4th quarter. WealthCare Investment Partners LLC now owns 19,062 shares of the company’s stock worth $610,000 after acquiring an additional 9,791 shares during the period. Allegheny Financial Group acquired a new stake in iShares U.S. Manufacturing ETF during the 1st quarter worth approximately $304,000. Kestra Private Wealth Services LLC acquired a new stake in iShares U.S. Manufacturing ETF during the 1st quarter worth approximately $261,000. Finally, Tower Research Capital LLC TRC lifted its position in 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 during the period.

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.