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

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

iShares U.S. Manufacturing ETF Stock Down 1.6%

MADE traded down $0.55 during midday trading on Monday, hitting $34.96. The company had a trading volume of 2,310 shares, compared to its average volume of 19,925. The stock’s 50 day moving average price is $36.47 and its 200 day moving average price is $36.53. iShares U.S. Manufacturing ETF has a 52 week low of $28.40 and a 52 week high of $39.68. The company has a market capitalization of $58.73 million, a price-to-earnings ratio of 20.18 and a beta of 1.14.

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

Hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc increased 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 acquiring an additional 1,531 shares in the last quarter. Mascagni Wealth Management Inc. grew its position in 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 valued at $714,000 after purchasing an additional 1,411 shares during the period. Royal Bank of Canada grew its position in 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 valued at $40,000 after purchasing an additional 921 shares during the period. Kestra Private Wealth Services LLC bought a new stake in iShares U.S. Manufacturing ETF during the 1st quarter valued at $261,000. Finally, Allegheny Financial Group bought a new stake in iShares U.S. Manufacturing ETF during the 1st quarter valued at $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.