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

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

Institutional Trading of iShares U.S. Manufacturing ETF

Several hedge funds have recently modified their holdings of MADE. Citadel Advisors LLC lifted its stake in shares of iShares U.S. Manufacturing ETF by 24.7% in the third quarter. Citadel Advisors LLC now owns 26,043 shares of the company’s stock valued at $762,000 after purchasing an additional 5,158 shares during the period. Tower Research Capital LLC TRC increased its holdings in iShares U.S. Manufacturing ETF by 58.1% in the second 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. Royal Bank of Canada lifted its position in shares of iShares U.S. Manufacturing ETF by 316.5% during the 1st quarter. Royal Bank of Canada now owns 1,212 shares of the company’s stock valued at $40,000 after acquiring an additional 921 shares during the period. Mascagni Wealth Management Inc. lifted its position in shares of iShares U.S. Manufacturing ETF by 7.0% during the 1st quarter. Mascagni Wealth Management Inc. now owns 21,428 shares of the company’s stock valued at $714,000 after acquiring an additional 1,411 shares during the period. Finally, Kestra Private Wealth Services LLC purchased a new stake in shares of iShares U.S. Manufacturing ETF during the 1st quarter worth approximately $261,000.

iShares U.S. Manufacturing ETF Stock Down 2.1%

NYSEARCA MADE traded down $0.82 during trading hours on Wednesday, hitting $38.64. 21,724 shares of the stock were exchanged, compared to its average volume of 22,091. The company has a market cap of $59.12 million, a price-to-earnings ratio of 20.18 and a beta of 1.18. iShares U.S. Manufacturing ETF has a 12-month low of $26.84 and a 12-month high of $39.68. The stock has a 50-day moving average of $37.51 and a 200 day moving average of $35.36.

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.