iShares U.S. Manufacturing ETF (NYSEARCA:MADE) Sees Significant Drop in Short Interest

iShares U.S. Manufacturing ETF (NYSEARCA:MADE) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 1,874 shares, a decline of 76.0% from the August 31st total of 7,823 shares. Based on an average daily volume of 10,777 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

iShares U.S. Manufacturing ETF Stock Performance

Shares of NYSEARCA:MADE traded up $0.46 during midday trading on Friday, reaching $35.51. 7,653 shares of the company’s stock traded hands, compared to its average volume of 20,019. iShares U.S. Manufacturing ETF has a one year low of $28.40 and a one year high of $39.68. The company has a market cap of $59.66 million, a price-to-earnings ratio of 20.18 and a beta of 1.14. The stock has a 50 day moving average of $36.47 and a 200 day moving average of $36.52.

Institutional Trading of iShares U.S. Manufacturing ETF

A number of institutional investors have recently made changes to their positions in MADE. IFP Advisors Inc raised its holdings in shares of iShares U.S. Manufacturing ETF by 51.5% during the second quarter. IFP Advisors Inc now owns 4,502 shares of the company’s stock valued at $178,000 after purchasing an additional 1,531 shares during the last quarter. 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 period. Mascagni Wealth Management Inc. boosted its holdings in iShares U.S. Manufacturing ETF by 7.0% in the first 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 last quarter. Kestra Private Wealth Services LLC purchased a new stake in iShares U.S. Manufacturing ETF in the first quarter worth approximately $261,000. Finally, Allegheny Financial Group bought a new stake in iShares U.S. Manufacturing ETF in the 1st quarter worth approximately $304,000.

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.